Hey Cardanians! Welcome aboard the Weekly Cardano Digest #47!!

We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.

Here are the topics of the week:

• USDM Stablecoin Now Available on Norwegian Block Exchange

• Xerberus Token Launch: A New Era of Blockchain-Based Risk Management

• Pondora Native Token Now Live: An Upgrade for Cardano DeFi

• Iagon and Würth Group Partner to Secure 3D Printing Intellectual Property

• Charles Hoskinson Announces Plans to Open a Crypto Policy Office in Washington, D.C.

• Weekly Development Report

• & More!

This newsletter is segmented into categories of less technical news topics to those that are more technical, in an effort to make it easier for our readers to follow. The first category will focus on news involving the Cardano ecosystem, while the second category will focus on projects that have been announced recently. The third category, which will be found towards the end of the newsletter, will focus on the most technical topics.

This week on Cardano…

USDM Stablecoin Now Available on Norwegian Block Exchange

USDM, a fiat-backed stablecoin built on the Cardano blockchain, has been listed on the Norwegian Block Exchange (NBX). This listing expands the availability of USDM to European markets and strengthens its position as a leading stablecoin on Cardano.

By partnering with NBX, USDM aims to provide a secure and regulated way for users to access and trade stablecoins. Both Moneta and NBX are committed to compliance with relevant regulations, such as the upcoming Markets in Crypto-Assets (MiCA) framework.

USDM offers a stable and reliable store of value on the Cardano blockchain. Its 1:1 backing with the US dollar and regular reserve verifications ensure transparency and trust. As the Cardano ecosystem continues to grow, USDM will play a crucial role in enabling various DeFi applications and facilitating seamless transactions.

The partnership between USDM and NBX reflects a shared vision for a more accessible and transparent digital finance landscape. By listing USDM on NBX, both entities aim to drive the adoption of stablecoins and contribute to the future of finance. READ MORE

Xerberus Token Launch: A New Era of Blockchain-Based Risk Management

Xerberus, a blockchain-based platform for risk rating and asset management, has launched its native token, $XER. This token will power the Xerberus network and enable users to participate in its yield-generating activities.

By staking $XER tokens, users can contribute to the security of the network and earn rewards from the platform's activities, including risk rating and index vault management. To participate in the $XER token sale, users can purchase tokens on the MinSwap platform. The sale will be conducted as a pro-rata distribution to ensure fairness among all participants.

Xerberus leverages blockchain technology to provide transparent and reliable risk assessments for crypto assets. The platform's risk ratings and index vaults help investors make informed decisions and mitigate risks. Additionally, Xerberus employs advanced security measures, including SIREN, a fraud detection engine, to protect user funds.

The launch of the $XER token marks a significant milestone for Xerberus and the broader blockchain ecosystem. By combining blockchain technology with sophisticated risk management strategies, Xerberus aims to revolutionize the way investors and dApps interact with the crypto market. READ MORE

Pondora Native Token Now Live: An Upgrade for Cardano DeFi

Pondora, a collection of decentralized applications built on Cardano, has launched its native token, $POND, only a couple of weeks after going live with its testnet. This token powers the Pondora Protocol, which enables users to interact with multiple DeFi protocols while maintaining full control over their assets.

The Pondora Protocol leverages smart contracts to create a flexible and modular framework for on-chain operations. By focusing on interoperability and leveraging existing protocols, Pondora aims to contribute to the growth of the Cardano DeFi and NFT ecosystem.

The $POND token plays a crucial role in the Pondora ecosystem, enabling users to participate in various DeFi activities and providing incentives for network participation. As the Pondora protocol evolves, it will introduce new features and functionalities to further enhance the user experience and expand the possibilities of decentralized finance on Cardano. READ MORE

Iagon and Würth Group Partner to Secure 3D Printing Intellectual Property

Würth Group and Iagon are collaborating to develop a solution for protecting and managing 3D printing intellectual property using blockchain technology.

By leveraging Iagon's decentralized storage and security solutions, Würth aims to ensure the security and accessibility of 3D printing files. This partnership represents a significant step towards bridging the gap between Web2 and Web3, demonstrating the real-world applications of blockchain technology.

This collaboration has the potential to unlock significant value in the 3D printing industry. By securing intellectual property rights and streamlining the management of 3D printing files, this solution can help to drive growth and innovation in this sector.

Both Würth and Iagon believe that this partnership will contribute to the wider adoption of Cardano and showcase the potential of blockchain technology to transform various industries. READ MORE

Charles Hoskinson Announces Plans to Open a Crypto Policy Office in Washington, D.C.

Following the recent US presidential election, Cardano founder Charles Hoskinson has announced plans to establish a policy office in Washington D.C. This initiative aims to influence the development of cryptocurrency regulations in the United States.

Hoskinson intends to work closely with policymakers to advocate for policies that benefit the American people and the cryptocurrency industry. The office will focus on building bipartisan support for pro-crypto policies, particularly addressing the issue of securities regulation.

By establishing a physical presence in Washington D.C., Hoskinson’s technology company, Input Output, aims to strengthen its engagement with lawmakers and policymakers, contributing to the shaping of a favorable regulatory environment for the cryptocurrency industry. READ MORE

Weekly Development Report

Interesting Stories:

1. MELD announces it will shut down crypto ecosystem

2. SyncAI and Biconomy partner to increase cross-chain interoperability

3. Yoroi Wallet integrates many new features in its latest updated version

🎊 A Message from Lucas 🎊

Hey everyone, Lucas here, I’m writing from Bangkok, Thailand for Devcon! I just got here yesterday and it's crazy the amount of crypto people going around the city. I’ve already been stopped by people while I was walking down the street to get asked about my EMURGO shirt. Also, I stumbled into Ethereum co-founder Vitalik Buterin!

There are at least 30 events taking place throughout the whole week, all with thousands of people, it's just crazy. Send me a DM on X if you are here, let's meet! I will tell you all about it next week.

–Lucas Macchiavelli