Cardano’s New USDM Stablecoin Sparks a “Breakthrough vs. Overkill” Debate

USDM offers complex privacy controls unmatched by public stablecoins like USDC. Industry debate rises over USDM’s high development cost versus its targeted use cases. Privacy may be lost when USDM moves off Midnight, but cross-chain use is still possible. Cardano’s upcoming Moneta USDM stablecoin is drawing a lot of attention for its advanced privacy architecture, which is being designed to meet enterprise-level compliance needs. The project, highlighted by Cardano founder Charles Hoskinson as the potential “first Private Stablecoin,” has sparked a deep technical debate within the community. Here’s how USDM’s advanced privacy is designed to work Charles Hoskinson, founder of Cardano, recently shared an update from Buenos Aires, highlighting progress on what he described as the “first Private Stablecoin.” The announcement prompted a detailed response from Andrew Westberg, a Cardano community developer, who outlined the detailed permission structures USDM aims to support. Related: Charles Hoskinson Supports USDM After CEO Death and SEC Filing Shake-Up According to Westberg, the system would allow individualized control over transaction … The post Cardano’s New USDM Stablecoin Sparks a “Breakthrough vs. Overkill” Debate appeared first on Coin Edition .

Source: Coin Edition