Today news
About the same in other media
17.11 - 23:33
Cardano stablecoin protocol Ardana raises $10M in latest funding round
Reading now: 514
Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets.
Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal:
Users can send, receive, store, borrow and lend the stablecoin — known as dUSD — freely on the network. It will have a 1:1 exchange rate with the United States dollar, and will be fully collateralized with cryptocurrencies such as Cardano (ADA).
Ardana plans to hold a public sale of its secondary token, known as DANA, for protocol governance as outlined in its roadmap. The project's developers intend for the sale to occur later this year, with 35.625 million out of 125
Read more on cointelegraph.comAbout this in other media
Dirty dollars: how tattered US notes became the latest street hustle in Zimbabwe theguardian.com /2 years ago
Coinshares: $16M weekly inflows for Cardano without ‘discernible catalyst’ ambcrypto.com /2 years ago
Circle to invest in Japanese yen stablecoin as part of expansion to Asia cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
