Top Stablecoin Issuer Hints at Something Big Coming to Cardano

2025-10-31 10:01:11

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Members of the Cardano community are buzzing with expectation following a cryptic post from the official X account of stablecoin project Moneta (USDM)

In a recent X post, Moneta (USDM on Cardano) teased an upcoming development, sparking excitement within the community. It referred to its tweet as a pre-announcement of a forthcoming reveal slated for today, October 31, 2025

USDM Dominates Cardano Stablecoin Market

For context, Moneta is the official issuer of the dollar-pegged USDM stablecoin, which debuted on the Cardano network in March 2024. The USDM team designed the asset to serve as a key utility for payments and DeFi protocols, with the hope of driving the broader adoption of Cardano

Each USDM token is supported by U.S. dollar deposits and funds managed by asset manager Fidelity, ensuring transparency and stability. Since its launch, USDM has remained the largest stablecoin on the Cardano network to date

Out of Cardano’s total stablecoin market cap of $35.84 million, USDM accounts for $13.21 million, surpassing other stablecoins such as USDA at $10.63 million and IOG-backed Djed at $3.88 million

As the Cardano community eagerly awaits Moneta’s upcoming announcement, the details surrounding the reveal remain undisclosed at the time of writing.

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