Cardano-Based Stablecoin USDM Launched by Mehen Finance

According to Foresight News, Mehen Finance, a Cardano ecosystem stablecoin issuance pro

2024-03-18 21:36:44   作者:  Bernardo52

According to Foresight News, Mehen Finance, a Cardano ecosystem stablecoin issuance protocol, has launched USDM, a fiat-backed stablecoin that allows holders to mint or exchange USDM using US dollars. Mehen is collaborating with fintech company Plaid to provide services and is actively seeking licenses for money transfer and virtual asset service providers to expand its services in the UK and Europe. Mehen's founding partner, Matthew Plomin, originally planned to launch USDM in early 2023. However, the plan was delayed due to the closure of crypto-friendly banks in 2023 and its banking partner Cross River beginning to collaborate with Circle.

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