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Cardano stablecoin protocol Ardana raises $10M in latest funding round
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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
Read more on cointelegraph.comAbout this in other media
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