💵 Welcomes First Fiat-Backed Stablecoin USDM / EMURGO Invests in NMKR / Governance in Action

🔥 Today's highlights

Cardano Welcomes Its First Fiat-Backed Stablecoin - Cardano has introduced the USDM stablecoin by Mehen Finance, a significant step in its quest for broader recognition as a top Layer-1 smart contract network. (link)

EMURGO Invests in NFT and Asset Tokenization Provider NMKR - NMKR's platform provides tools and features for the digital tokenization of real-world assets. (link)

Crypto Capital Venture Founder Outlines Cardano Path From $0.8 to $12.80 - Cryptocurrency ADA lags behind in recent market recovery, but analyst Dan Gambardello anticipates its underperformance coming to an end. As a Cardano advocate, he foresees ADA reaching $12.80, suggesting a positive outlook for the cryptocurrency. (link)

Cardano & World Mobile Alliance Stand Strong - Cardano founder Charles Hoskinson addressed concerns about partner firm World Mobile, emphasizing their strong alliance. This move aims to counter ongoing FUD, demonstrating a commitment to overcoming challenges. (link)

Governance in Action - Recently, Paribus initiated the deployment of its governance module on the mainnet, marking the initial step in the progressive decentralization process. (link)

Genius Yield becomes an official USDM launch partner - Genius Yield, a comprehensive DeFi platform, partners with Mehen, offering a fiat-backed stablecoin for Cardano. This collaboration sees the official introduction of Mehen's USDM stablecoin on Genius Yield's DEX, which integrates an order-book DEX with an AI-powered yield optimizer. (link)

Foreon Network Development Update: Edition 7 - The latest development update signals continued progress in revolutionizing prediction markets on the Cardano blockchain, reflecting our unwavering commitment to innovation and advancement. (link)

Cardano’s founder refutes Hydra rumor: 'It's raining FUD' - Cardano creator Charles Hoskinson addressed concerns about the Hydra development project, aiming to dispel any fear, uncertainty, and doubt . Hydra is a layer-two scaling solution intended to improve transaction efficiency. (link)

Finance experts set Cardano price for end of 2024 - Cryptocurrency assets, including Cardano, are following Bitcoin's bullish trend. Financial experts have also expressed optimism about Cardano's performance in the market. (link)

Cardano's Hydra Project Under Fire: Hoskinson Steps In to Clarify - Cardano's development and utility face scrutiny within the community, with recent focus on the Hydra project, a layer 2 scalability solution aiming to expedite transactions. (link)

Cardano Feed presents to you the biggest newsletter media dedicated to Cardano ($ADA). Have a wonderful read!

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