USD1 COMING TO CARDANO?

Charles Hoskinson AMA @IOHK_Charles responds USD1 is a stablecoin launched by World Liberty Financial, a cryptocurrency firm co-founded by Zach Witkoff and influenced by the family of President Donald Trump.

Ford Motor Company, a Fortune 500 company, has joined forces with Iagon and Cloud Court to launch a proof-of-concept (PoC) focused on decentralized legal data storage, according to a June 18 announcement. The project, built on the Cardano blockchain, will test decentralized solutions for managing sensitive legal records across large organizations.

Why Cardano could win big 🧵

If mass adoption demands predictability, security, and parallelism, Cardano has the right foundation. Ethereum’s account model has known scaling limits. Cardano’s compliance-first, identity-ready approach may appeal to governments, NGOs, and enterprises that won’t touch “wild west” chains.

This is perhaps one of its biggest value adds imo. Governments are freaked out by crypto, but a compliant blockchain could put those concerns to rest.

USDM, Cardano's stablecoin, is the most advanced stablecoin in existence.

☑️It's the only fully decentralized, U.S. regulated stablecoin.
❌USDT (Tether) – issued by a company in the BVI; regulated in some jurisdictions but not fully under U.S. banking supervision.
❌USDC (Circle) – regulated, partially compliant in the U.S., but technically under money transmitter licenses, not a fully chartered bank.
❌DAI, USTC, etc. – not regulated or backed by USD reserves.

So why are adoption and liquidity slow? USDM is Cardano’s native stablecoin.

It’s a digital dollar on the Cardano blockchain.

☑️Every USDM token is backed 1:1 by real U.S. dollars held in a regulated U.S. bank.

☑️That means if you hold 100 USDM, there’s $100 sitting safely in a bank account.

☑️Unlike volatile crypto (like ADA or BTC), USDM is stable—it always aims to equal $1.

☑️It’s issued by Mehen, a regulated company, not by a random decentralized algorithm (so it avoids the risks of “algorithmic stablecoins” like Terra/LUNA).

☑️It’s designed to make payments, savings, and contracts on Cardano reliable and easy—because people can transact in dollars without leaving the blockchain.

It checks all the boxes.

1 BILLION people can't open a bank account.

Here's why Cardano might have the best approach to bank the unbanked:

Cardano's Core Approach

Building institutional-grade infrastructure first, then expanding access through partnerships with governments, NGOs, and traditional institutions rather than going directly consumer-facing.