Cardanos USDM Stablecoin Is LIVE – Heres What You NEED to Know

############################# Video Source: www.youtube.com/watch?v=oLQMgP81FA0

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 - https://mehen.io/ • Twitter - / mehenofficial • LinkedIn - / %20 • Discord - / discord • ============================================= • Dapp Central is an educational channel, aiming to on-board new crypto enthusiasts into the space. The channel covers the latest news, reviews and tutorials surrounding the top projects in Cardano. If that interests you, then make sure to subscribe to stay updated! If you have any questions, then make sure to leave a comment down below. Thank you!👋 • 💌 Email: [email protected] • 🐦Twitter: / dapp_central • 🌐Website: https://www.dappcentral.net/ • 🥩Stakepool: https://pool.pm/076c483d263502a49b138... • ============================================= • The information discussed on this channel is not to be considered as financial advice. All of the content presented is for educational purposes only. Always make sure to do your own research and understand that cryptocurrencies are a new and emerging asset class. • ========== Video Content ========== • 00:00 - Intro • 00:47 - USDM Is Live • 04:20 - Matt Tristan Introduction • 05:58 - CIP-68 • 10:38 - Total Supply Verification • 12:44 - Oracle Verification • 16:26 - Mission Accomplished • 18:27 - What's Next? • 20:19 - Closing Thoughts

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