Cardano Stablecoin USDA To Launch Under New Ownership
EMURGO has announced that the Anzens USDA stablecoin will be launched under the experienced crypto team Encryptus. EMURGO will continue to support the launch as a technology provider, ensuring a seamless and innovative experience for users.
Last year, EMURGO faced significant challenges in bringing the USDA stablecoin to market and promised to explore alternative launch methods. The upcoming launch under Encryptus marks the fulfillment of this promise, positioning the USDA stablecoin for new success.
Encryptus’ Expertise
Founded in 2021, Encryptus specializes in secure and efficient crypto transactions, offering large-scale pay-ins and payouts. Their trading desk model eliminates intermediaries, provides competitive fees, and allows seamless transactions with conversion to local currencies. Encryptus is compliance-focused, holding a European license and VASP status in Lithuania, and operating a vast payout network in over 80 countries.
Encryptus is also familiar with Cardano, having partnered with EMURGO to integrate an ADA-to-fiat off-ramp solution in the Yoroi Wallet, enhancing functionality for Cardano users needing real-world settlements.
Stablecoin Features and Future Plans
USDA, a fully backed stablecoin native to Cardano, will be managed autonomously by users, enabling quick and inexpensive transfers. The launch by Encryptus will introduce exciting features such as:
- Worldwide Off-Ramps: Buy USDA against widely used currencies with off-ramping in 80+ countries.
- Access to Frontier Markets: Connect emerging economies to developed ones, providing affordable liquidity.
- Simplifying Web3 Access: Bridge the gap to traditional financial services for businesses and individuals.
EMURGO, leveraging its expertise in developing tokenization platforms, will provide robust blockchain infrastructure support to Encryptus. This collaboration extends to businesses seeking to tokenize real-world assets, ensuring the new features envisioned by Encryptus are realized.
About EMURGO
EMURGO is a blockchain technology company and a founding entity of the Cardano blockchain, providing products and services to drive the adoption of Cardano’s Web3 ecosystem. Visit EMURGO for more information.
About Encryptus
Encryptus empowers institutions with secure and efficient crypto transactions, offering large-scale pay-ins and payouts. With a European license, VASP status in Lithuania, and the largest payout network spanning over 80 countries, Encryptus ensures regulatory compliance and user confidence. Visit Encryptus for more information.
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