EMURGO has announced the upcoming launch of the USDA stablecoin under the leadership of the experienced crypto team Encryptus. EMURGO will continue to support the USDA stablecoin launch as a technology provider, fulfilling their promise to explore alternative ways to bring USDA to the market after facing significant challenges last year.
USDA to be Launched by Experienced Institutional-Grade Trading Desk Encryptus
Encryptus, founded in 2021, specializes in empowering high-volume users with secure and efficient crypto transactions. Their services include large-scale crypto pay-ins and payouts, competitive fees, and seamless transactions with options to convert to local currencies. Encryptus is a compliance-centric team, holding a European license, VASP status in Lithuania, and operating the largest payout network in 80+ countries, ensuring regulatory compliance and user confidence.
Shantnu Saxena, CEO of Anzens, emphasized the importance of compliance in the stablecoin industry: “We are excited to empower settlements on the Cardano Blockchain with USDA. Technology, compliance, and global settlements will continue to be the core strengths of Anzens, our USDA issuing company.”
Encryptus has already partnered with EMURGO, working with the Yoroi Wallet team to integrate an off-ramp solution for ADA-to-fiat conversions, expanding functionality for Cardano users needing real-world settlements. USDA users can trust Encryptus to manage the operations and support of USDA, while Anzens will be the issuing company of this fully backed stablecoin native to Cardano that users can manage autonomously, transferring quickly and cheaply.
New Features to Anticipate
Encryptus brings years of experience running a compliant trading desk and building relationships with high-volume users in the crypto world. They focus on empowering businesses and emerging markets with a regulation-first approach. New features to look forward to include:
- Worldwide Off-Ramps: Seamlessly buy USDA against widely used currencies, with off-ramping capabilities in 80+ countries.
- Access to Frontier Markets: Connecting emerging economies to developed ones by providing affordable liquidity.
- Simplifying Access to Web3: Bridging the gap to traditional financial services for businesses and individuals in need.
