The regulated stablecoin USDA based on Cardano is scheduled to launch in the first quarter of next year

ChainCatcher news, Emurgo, the development company behind Cardano, plans to launch a USD-pegged stablecoin called USDA in the first quarter of 2023. This stablecoin will be fully backed by fiat currency and comply with regulatory requirements. USDA is part of Emurgo's product Anzens, which aims to provide users with a variety of financial services and Cardano-based products, including lending services, cryptocurrency-based card payments, and a bridge between traditional markets and DApps.

USDA will be launched on the Anzens platform, allowing users to tokenize USD into USDA through credit/debit cards, wire transfers, or by trading ADA for USD. (CoinDesk)