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.