USDM Stablecoin

The USDM stablecoin will be an essential tool for Cardano. It will be used as a base asset for decentralized finance (deFi) protocols, and can be sent peer-to-peer for instant on-chain payments. USDM will be a scalable catalyst for growth and adoption of the entire Cardano ecosystem. Directly redeemable 1:1 fiat backed stablecoin Cardano native asset Capital efficient Reserves are independently verified by on-chain oracles Transferrable, versatile, and reliably compatible with smart contract applications and the broader Cardano DeFi ecosystem We are working on a range of tools that will help Cardano empower people. Committed to transparency and security, Mehen is building USDM using a smart contract-powered trustless framework. Issuance of USDM is governed by an independent decentralized oracle network that has direct API access to the USDM reserves account. As a Cardano native asset, USDM can be easily integrated into the growing decentralized finance (DeFi) ecosystem.