Cardano has made incredible technical progress, but real-world adoption still faces major hurdles. Other chains sprint ahead with fiat ramps, exchange listings, and payment utility, but Cardano is still held back by missing infrastructure.
We think it’s time to fix that. 👇
@_WillHankins@AnzensOfficial There is now around 1mm in liquidity on Liquid for borrowing. Rates are lower than the other stablecoins but not sure how affordable they are. We are looking into getting centralized lending set-up with fixed rates but if it comes it would be a few quarters down the road.
@Maxime622 @AnzensOfficial We are currently in testing for Europe with the on / off ramps. User testing should start at the end of the month if you have any interest in participating. Full launch is targeted at the end of May.
@gaffar_olamide@AnzensOfficial This depends on the currency that you are trying to offramp into and the local payment rails. For INR its between 30 seconds and 5 minutes. If you are in the US and don't want to use a wire then it can take 3-5 days.
@gaffar_olamide@AnzensOfficial I'm really excited for this as it allows people to hold their value in dollars and be able to offramp into local fiat whenever they want. To see the countries that are supported you can look at the sell functionality on Yoroi as our offramp for ada is the same as for USDA.
@gaffar_olamide@AnzensOfficial The process now works for US individuals in supported states as well as companies globally to burn the USDA for USD and then wire out funds. In about 4-6 weeks we will have support in over 80 countries where people can convert USDA into the fiat of choice.
@amvs22@AnzensOfficial@MinswapDEX New York is unfortunately going to take a bit longer as we need a BitLicense for that and it takes a year or more to get. As a fellow New Yorker this is frustrating for me as well.
🎉The Anzens Platform is Now Live - Unlocking USDA Minting Access for Eligible U.S. Retail & Businesses🎉
🔹What's Happening?
Mint USDA directly on Anzens! With this initial launch, the Anzens platform enables U.S. retail users & businesses in 14 states to mint USDA, our fully reserved Cardano native stablecoin!
@Ag_meister@AnzensOfficial Global support is currently being worked on by our devs and we are targeting another 4 to 6 weeks. That will include the offramps as well.