Cardano $USDM Stablecoin Update - NEW European Partners, Multichain Adoption, and Retail Onboarding!
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- čas přidán 28. 07. 2024
- Mehen is creating the USDM fiat-backed 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
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.Bridging financial expertise with technology, Mehen is moving global digital asset adoption forward.
Website - mehen.io/
Twitter - / mehenofficial
LinkedIn - / %20
Discord - / discord
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========== Video Content ==========
00:00 - Intro
02:26 - NBX Services
06:53 - USDM Servies
09:35 - Why Choose USDM?
14:58 - Addtl. Stablecoin Support
15:21 - eMoney License
18:38 - Laws & Regulations
20:50 - NBX Issuance Timeline
26:26 - USA & EU Differences
28:57 - Retail Onboarding
33:47 - USA & EU Retail Timelines
35:03 - USA States & Onboarding
36:43 - Multichain Integrations
37:40 - USDM Liquidity
40:50 - NBX Alpha - Věda a technologie
💌Thank you for watching Cardano Community, I really appreciate it!
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Thanks for the info. Living in Ireland I look forward to having an EU option to mint USDM.
Anytime Paul! Thanks for dropping in. Im also excited for the new options, even from a US residents perspective. The more the better for adoption and Cardano. Cheers.
Haha. All my ADA is staked between you guys' stake pools.
@@TNT-gun-reviews Thanks for the support
What up Paul
Thank you!🙏
The collaboration between USDM and NBX signifies a significant step towards multichain adoption and broader market reach, especially in Europe. Which means that cryptocurrency is only gaining momentum, just like my trading on Fybit)))
Thanks Farid!
My pleasure!
Impressive that you were able to gather all of these guys together. Great information like always.
Thanks for watching! I appreciate the kind words TNT.
I hope you have a catalyst proposal to take your vids to the next level. Your the most consistent youtuber on cardano and will have my vote !!
Thank you so much! The kind words really do mean a lot. I’ll see what I can put together!
DCA ADA !!!
Thanks John!
Me, I’m a happy Cardano ADAnationalist! Yes sir.
USDM is here to stay! #ADA
Thanks Farid for asking on our behalf. Can't wait for the influx of liquidity. I have a feeling that it will all hit Cardano like avalanche (no pun intended 😉) in 2024.
Great interview, definitely gives a very clear picture as to what the listed priorities are retail in US and spreading availability to other states meanwhile legal ends to be integrated with NBX for USDM to be expected sometime 2025. Its also nice to hear that liquidity providers are seemingly being told by USDM to hold on instead of USDM not having people on the sidelines ready to inject liquidity.
Ada super going great ❤
🔥🔥🔥
Thanks for watching!
This is a great interview thank you!
👍
Thank you greatly!
Great interview bullish on Cardano
Cardano 💯
Great stuff, looks promising. Thanks for the news!
Good interview as always!
Another great video Farid! Lots of insights and I like the professional style of these people, a powerful partnership for Cardano.
Im Hyped!
Great! Thanks Farid
You are genius with good questions!
✨️👊✨️
Thanks Karlo!
Farid, great job man on this interview.
Cardano 🚀🚀
All the way!
Thank you Farid 👍👍👍👍
❤
DJED is the new usd
🥳🎶🤘
Great interview. Would be great if RBX would consider to burn cardano from a percentage of their fees.
*NBX
'Its gonna be the same USDM?'...but its gonna be pegged against the EURO i take it? So it will have a different value and be named slightly different?
Sorry. For now, DJED is better.
We need USDC.!!!! ASAP!
Sell your bag 😂
Djed
Am i missing something ? it seems their was a lot of talking and planning, but there are no dates set for completion and implementation. USDM completion and implementation could still be a year out , USDC is already a working platform. This was a very disappointing video.
I was hoping to be able to take profit this cycle on the Cardano chain. I was counting on USDM. But this does not sound promising. I can't believe I'm saying this. It would be good to have USDC in the mean time.
Stop wasting time on USDM.... Cardano needs USDC USDC AND..... USDC
and an EVM ...oh wait Charles ego won't allow that.
Sell your bags 😂
@@WhaleReset I decide when I sell not you.. Pancake
@@Grandioos do you know what decentralized means? Clearly not
@@WhaleReset Do you know what a lack on Liquidity and interoperability means for Cardano ? Clearly NOT!!