January 11, 2023

EMURGO Fintech on January 2023 #Cardano360 Episode: Your FAQs Answered

Albert Kim


What is Cardano360 and how can I watch it?

Cardano360 is a monthly video podcast covering the latest news and topics from across the Cardano ecosystem.

Hosted by IOG, Cardano360 is available to be viewed on the IOG YouTube channel and is aired on the last Thursday of every month.

Discussing $USDA Cardano stablecoin and more


EMURGO Fintech Managing Director Vineeth Bhuvanagiri will be featured on this month’s Cardano360 edition to discuss the upcoming launch of $USDA, the first USD-backed stablecoin for the Cardano ecosystem.

Previously announced to great fanfare at Cardano Summit 2022, Vineeth will discuss roadmap expectations for $USDA and Anzens, answer some commonly asked questions, and unveil more exciting news about $USDA and EMURGO Fintech’s overall activities.

What is $USDA and Anzens?

USDA is the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem. 

Fueled by Cardano and designed to safeguard Web3 companies and consumers from crypto market volatility, USDA leverages the stability of the U.S. dollar combined with Cardano’s security, low fees, and eco-friendly blockchain. 

USDA locks in the value of investors’ crypto assets by pegging 1:1 to the U.S. dollar, reducing volatility, and unlocking fast global transactions without legacy banking and payment infrastructure delays.

USDA is the first product being brought to market within Anzens, EMURGO’s new product suite which aims to bridge the gap between traditional finance (TradFi) and DeFi. 

Anzens will provide a portal to regulated financial services products offered within the Cardano ecosystem wherein anyone can tokenize their dollars and move them as a Cardano-native asset.

Your $USDA and Anzens FAQs

Q: Is Anzens a separate legal entity from EMURGO? If so, who owns it?

Anzens is EMURGO’s new product suite which aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). Providing a portal to regulated financial services products offered within the Cardano ecosystem, the community can obtain USDA through the Anzens platform or through a Cardano DEX (decentralized exchange) of choice..  

Q: What’s the difference between USDA and USDT or USDC?

One significant difference is that USDA is a stablecoin for the Cardano ecosystem and will be a Cardano-native asset meant to provide long-term price stability with 1:1 backing. It’s also built in collaboration with the founding entities of Cardano. Neither USDT nor USDC are currently available on or native to the Cardano blockchain. 

EMURGO will soon enable the safe and convenient conversion of other stablecoins including USDC and USDT to USDA.

Q: Can I buy USDA with my debit card and convert it back to USD?

Users that have passed Anzens’ KYC will be able to mint USDA through their debit or credit card, and then have the ability to redeem their USDA back into USD and send the USD back to their bank account.

Q: Will Anzens also allow the conversion of USDA to ADA?

Yes! You will be able to redeem USDA to ADA.

Join the waitlist for $USDA Cardano stablecoin now

USDA, Cardano’s first USD-backed stablecoin for the ecosystem, is scheduled to launch early 2023 and bring value to Cardano’s Web3 ecosystem of decentralized applications. It will be the first product from the “Anzens” suite of fintech products from EMURGO.

Join the waitlist now at https://www.anzens.com to be ready for the arrival of $USDA.

About $USDA


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