Cardano’s Hoskinson Lauds New Stablecoin, Touted as “More Advanced” Than USDC
The post Cardano’s Hoskinson Lauds New Stablecoin, Touted as “More Advanced” Than USDC appeared on BitcoinEthereumNews.com.
Cardano founder Charles Hoskinson lauded USDM, a new entrant in the stablecoin market. Reports suggest it may be more advanced than USD Coin (USDC). The stablecoin market remains one of the most competitive sectors in the US, with political players and traditional banks competing for a share of the space. Cardano Founder Hails New Stablecoin More Advanced Than USDC Hoskinson praised Moneta’s USDM stablecoin, advertising it as the most advanced stablecoin ever built. His statement highlighted the project’s ambitions to eclipse legacy finance with a blockchain-native alternative. Moneta’s USDM is becoming the most advanced stablecoin ever built https://t.co/r32xbbfCbE — Charles Hoskinson (@IOHK_Charles) July 31, 2025 After a workshop in Buenos Aires, the crypto executive also revealed progress on what he called the first private stablecoin. Other community members echoed his statement, further cementing USDM’s potential as a major innovation. “While USDM is solid, what’s cooking in Buenos Aires is next level. Privacy-enabled stablecoins with granular permission controls? That’s not just disrupting TradFi, that’s replacing it entirely. The complexity jump from USDM to this is like going from checkers to 4D chess,” wrote X user T. USDM, issued by Moneta, is being developed with a focus on privacy, permissioned visibility, and enterprise-grade functionality. According to Andrew Westberg, W3i’s CTO, its architecture goes far beyond what traditional stablecoins like USDC can currently offer. Westberg described real-world use cases such as complex payroll structures, where different team members require varying levels of transactional visibility based on role or legal authority. The stablecoin is a small but important piece of the discussion in . That being said, the complexity is 10x to 20x that of USDM. Imagine doing company payroll. Bob needs to see and control what he receives. Alice can see and control hers but can’t see Bob’s. Mary in accounting… https://t.co/vvXCZXqByU — Andrew Westberg…
Filed under: News - @ July 31, 2025 10:26 am