Hoskinson Family Office Invests $1.5 Million to Support the Development of Cardano’s Compliant Stablecoin USDM

Odaily News Hoskinson Family Office (HFO) announced a $1.5 million investment in W3i Software to support its development of Cardano's first stablecoin, USDM, which complies with EU MiCA regulations. USDM is issued by Moneta Digital and aims to provide Cardano with a stable, transparent and compliant digital dollar solution. HFO Chief Investment Officer Dan Singleman will work with the W3i team to promote the adoption of USDM in traditional banking and government systems around the world. In addition, W3i has also launched a community crowdfunding campaign, inviting global investors to participate in its future construction of compliant DeFi.