Gate News bot news, Cardano Compliance fiat stablecoin USDM has partnered with Lace Wallet to expand its business scope and enhance the on-chain usability and utility of USDM.
First, USDM will be automatically listed in the token directory of Lace Wallet, providing native support for holders within the wallet.
In addition, this collaboration will provide wallet-to-wallet exchange integration between ADA and USDM, and is expected to offer staking rewards. The partnership between Lace Wallet and USDM will enable holders to use this stablecoin in Cardano’s native DeFi applications.
In addition, as Cardano gradually expands its Bitcoin DeFi business, the USDM issuer is also committed to playing a bigger role in this ecosystem. Cardano founder Charles Hoskinson has previously revealed the development roadmap for Bitcoin DeFi and stated that institutional investors will have three years to enter this field.
Source: CoinGape
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