USDM token will be first of its kind on Cardano
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The last quarter saw remarkable ecosystem expansion, with Cardano's stablecoin value jumping 37% QoQ and 673% YoY. With the debut of Mehen's USDM stablecoin, there are high prospects for growth in the Cardano stablecoin market.At the time of writing, ADA was down 9.54% in the last 24 hours to $0.66, mirroring the broader market declines.According to crypto analyst Ali, Cardano's price action so far resembles the pattern observed from 2018 to 2021.
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