Cardano’s Charles Hoskinson Suggests USDM Could Become a Leading Advanced Stablecoin in Digital Finance

Key Points

1. Cardano's stablecoin liquidity currently covers only 9.65% of its DeFi total value locked (TVL), lagging behind Ethereum and Solana.

2. USDM introduces programmable access controls and multi-role visibility layers to attract more liquidity to Cardano’s DeFi ecosystem.

3. USDM integrates privacy and compliance features, positioning it as a leading advanced stablecoin in the crypto market.

4. Charles Hoskinson emphasized USDM’s role in advancing Cardano’s DeFi capabilities during a workshop in Buenos Aires.

5. Developer Andrew Westberg highlighted USDM’s complex architecture, focusing on privacy and compliance as core elements for next-generation stablecoins.