Cardano Creator Reveals 'Most Advanced Stablecoin Ever Built'

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.