News with the tag "Fiat-backed"

Layer-1 blockchain Cardano has welcomed its first 1-to-1 fully fiat-backed stablecoin, USDM, launched by Mehen Finance. This is the latest entrant in a $146 billion stablecoin market dominated by Tether The post Mehen Finance Launched Fiat-backed Stablecoin USDM On Cardano Network After Huge Delays ...

Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend the characteristics of cryp...