In accordance to ChainCatcher, USDM by Moneta Digital studies that Hoskinson Family Office, Inc. (HFO) has introduced an funding of $1.5 million in W3i Software program, Inc. to support the development of USDM, Cardano’s first MiCA-compliant, fiat-backed stablecoin, selling the integration of DeFi and conventional monetary methods. USDM is issued by Moneta Digital and meets the stringent requirements of the EU’s Markets in Crypto-Property Regulation (MiCA), offering compliant on-chain monetary options for establishments, banks, and governments.
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