Emurgo, a founding member of the Cardano blockchain and its official commercial arm, said it will introduce USDA, a regulated stablecoin linked to the United States, in the first quarter of 2023. USDA will be the first stablecoin in the Cardano ecosystem with complete regulatory compliance and fiat backing. Launch of Regulated Stablecoin In an interview, Emurgo Fintech Managing Director Vineeth Bhuvanagiri said the launch of a completely fiat-backed, regulated stablecoin is the next step towards achieving the potential for the community. Stablecoins are digital currencies supported by one or more assets and linked to fiat money like the dollar. The post Cardano-Based Regulated Stablecoin USDA Will Hit Market in 2023 appeared first on Cryptoknowmics-Crypto News and Media Platform .