funded
USDM: Fiat-Backed STABLECOIN - by Mehen: Cardano's Premiere Fiat-backed Stablecoin
Current Project Status
In Progress
Amount
Received
Received
₳475,000
Amount
Requested
Requested
₳800,000
Percentage
Received
Received
59.38%
Solution
Mehen is actively building USDM - A 1:1 USD licensed fiat-backed stablecoin with oversight, & decentralized reserves verification; prioritizing integrity, transparency, and reinvestment into Cardano.
Problem
Cardano URGENTLY needs a NATIVE FIAT-BACKED STABLECOIN to accelerate its decentralized finance ecosystem, enable payments, and bridge capital into the Cardano DeFi ecosystem.
Impact / Alignment
Feasibility
Value for money
Team
Team Connections