On Cardano, USDM is a fiat-backed stablecoin while Djed is crypto-backed, holding an overcollateralized ada reserve; together with synthetic designs like iUSD they show the main families of stablecoin in use.
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- DjedA crypto-backed, overcollateralized stablecoin protocol on Cardano whose US-dollar peg is maintained algorithmically against an ada reserve (with SHEN as the reserve coin), rather than by fiat reserves.View term
- USDMA US-dollar-pegged stablecoin on Cardano issued by Moneta (formerly Mehen Finance) and backed by US-dollar reserves held off-chain rather than by an on-chain crypto collateral pool.View term
- Programmable TokenA native token that can only change owner when a script approves the transfer, so the issuer can enforce rules like allowlists, transfer limits, or freezes on the token's transfers. CIP-113 is the proposed standard for them on Cardano.View term