News Cardano Adds Fiat-Backed Stablecoin USDM: Allows Dollar Minting and RedemptionBy Collin Brown18. March 2024 Cardano has launched USDM, its first fully fiat-backed stablecoin, through Mehen Finance, distinguishing it from other Cardano-based stablecoins by offering direct U.S. dollar backing. USDM’s launch signifies a major advancement…