Last year, EMURGO faced challenges launching the USDA stablecoin and promised to explore alternative methods.
According to the announcement, the upcoming Encryptus launch fulfills its promise with a team poised to elevate USDA. Let’s discover more about this important news for Cardano.
USDA to Be Launched by Experienced Trading Desk Encryptus
Founded in 2021, Encryptus enables high-volume users with secure, efficient crypto transactions and large-scale pay-ins and payouts. Encryptus’ trading desk removes intermediaries, offers competitive fees, and allows local currency conversion. With a European license and VASP status in Lithuania, Encryptus provides regulatory compliance. Their industry-leading off-ramp services span 80+ countries, ensuring user confidence.
Encryptus has already partnered with EMURGO. EMURGO is a founding entity of the Cardano blockchain. It provides products and services to drive the adoption of Cardano’s Web3 ecosystem. They are working with the Yoroi Wallet mobile team to integrate an off-ramp solution for ADA-to-fiat conversions. This expands functionality for Cardano users who need to settle transactions in the real world.
Source: X
More About The Encryptus & EMURGO Partnership
USDA users can count on Encryptus to be dedicated to building the future of USDA. It’s a Cardano-native stablecoin managed autonomously, transferring quickly and affordably to anyone.
Encryptus team has years of compliant trading desk experience. It focuses on empowering businesses and emerging markets with a regulation-first approach. Anticipate exciting new features including:
- Global off-ramps: Buy USDA seamlessly with widespread currency support across 80+ countries.
- Access to frontier markets: Connecting emerging economies affordably to developed ones.
- Simplify Web3 access: Bridging traditional financial services for businesses and individuals.
Source: X
EMURGO’s Growth and Assistance
Building on the extensive expertise acquired in developing a tokenization platform last year, EMURGO is uniquely positioned. They can deliver robust and innovative blockchain infrastructure support to the Encryptus team. This partnership also includes any enterprise looking to digitize tangible assets.
EMURGO, as the technology provider for the Anzens platform, anticipates enabling the new features envisioned by Encryptus.
Businesses interested in partnering on Anzens USDA, contact [email protected].
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