Hoskinson Family Office (HFO) announced it has invested $1.5 million in W3i Software, the development company behind USDM—Cardano’s first MiCA-compliant, fiat-backed stablecoin. This investment is a major step toward bridging decentralized finance (DeFi) with the regulated financial system and accelerating Cardano’s global adoption.
USDM (issued by Moneta Digital) is one of the only stablecoins designed to meet the strict regulatory standards of the EU’s Markets in Crypto-Assets (MiCA) framework. And by delivering a stable, transparent, and fully compliant digital dollar to Cardano, USDM opens new opportunities for builders, institutions, and governments seeking secure, on-chain financial solutions.
In connection with the investment, Dan Singleman, Chief Investment Officer of HFO, will work alongside W3i CEO Jillian Plomin and the leadership team to drive the adoption of USDM across traditional banking and government systems worldwide. This partnership aims to position Cardano as a leader in regulated blockchain finance.
In line with its community-first approach, W3i also launched a Regulation Crowdfunding (Reg CF) campaign, inviting global supporters to invest and become shareholders in W3i. And this initiative offers everyday investors the opportunity to own a stake in the infrastructure powering Cardano’s regulated DeFi future.
KEY QUOTES:
“USDM is critical infrastructure for Cardano’s future. W3i and Moneta Digital have built a stablecoin that meets the highest regulatory standards, and now we’re focused on driving institutional adoption across banks, governments, and financial markets. This is the real-world use of Cardano we’ve been building toward.”
- Charles Hoskinson, Founder of HFO and CEO of Input Output Global (IOG), the leading infrastructure and research engineering firm, best known for the Cardano blockchain
“We’re not just building a stablecoin—we’re laying the foundation for Cardano to thrive in the regulated financial ecosystem. With the Hoskinson Family Office onboard and our community alongside us, USDM is poised to lead the future of finance.”
- Jillian Plomin, CEO of W3i
