Hoskinson family office invests $1.5 million to support the development of Cardano-compliant stablecoin USDM

Odaily Planet Daily News HFO announced a $1.5 million investment in W3i Software to support the development of the first Cardano-compliant stablecoin USDM under the EU's MiCA regulations. USDM, issued by Moneta Digital, aims to provide a stable, transparent, and compliant digital dollar solution for Cardano. Dan Singleman, Chief Investment Officer of HFO, will collaborate with the W3i team to promote the adoption of USDM in the global traditional banking and government systems. In addition, W3i has also launched a community crowdfunding campaign, inviting global investors to participate in its future Compliance Decentralized Finance development.