Cardano Creator Reveals 'Most Advanced Stablecoin Ever Built'
Main Idea
Charles Hoskinson, creator of Cardano, claims that USDM is the 'most advanced stablecoin ever built,' aiming to address liquidity imbalances in Cardano's DeFi ecosystem.
Key Points
1. Charles Hoskinson states that USDM is the most advanced stablecoin, part of Cardano's expanding stablecoin ecosystem alongside Djed and RLUSD.
2. Cardano's DeFi ecosystem has only 9.65% stablecoin liquidity coverage compared to Ethereum and Solana's over 100%, which USDM aims to improve.
3. Next-gen stablecoin models like USDM focus on programmable access, privacy, compliance, and enterprise usability, not just pegged value.
4. USDM has faced leadership and valuation challenges, but Hoskinson remains confident in its potential.
Description
Most advanced stablecoin ever built? Cardano creator has answer for it
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