Hey Cardanians! Welcome aboard the Weekly Cardano Digest #48!!

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:

• USDA Stablecoin Nears Launch on Cardano

• World Mobile Announces Blockchain Testnet

• Nucast Subscriptions: A New Era of Cardano Payments

• Robinhood Relists Cardano’s $ADA

• Cardano Foundation Releases MiCA Whitepaper Template to Support EU Compliance

• 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…

USDA Stablecoin Nears Launch on Cardano

Anzens has recently hinted at the imminent launch of the USDA stablecoin on the Cardano blockchain. This news follows the earlier announcement of a partnership with BitGo Trust, a leading qualified custodian, to provide secure custodial services for USDA.

Anzens is the issuer of USDA, a Cardano-native stablecoin designed to bring stability and security to the Cardano ecosystem. By partnering with BitGo Trust, Anzens aims to provide a high level of security and compliance for its users.

EMURGO, a leading technology provider and one of Cardano’s founding entities, has played a crucial role in developing the Anzens platform. EMURGO's technical expertise has been instrumental in ensuring the smooth operation and security of the USDA protocol. BitGo Trust is a qualified custodian specializing in digital asset security. By providing custodial services for USDA, BitGo Trust enhances the overall security and trustworthiness of the stablecoin.

The collaboration between these three entities represents a significant step forward for the Cardano ecosystem. With the launch of USDA, Cardano users will have access to a stable and reliable store of value, enabling a wider range of decentralized financial applications and services. READ MORE

World Mobile Announces Blockchain Testnet

This week, the World Mobile team introduced the World Mobile Chain (WMC), a blockchain designed to power the next generation of telecommunications. By leveraging blockchain technology, WMC aims to create a decentralized and efficient network that can support a wide range of telecommunications services, including eSIMs, VPNs, and storage.

WMC's vision is to build a thriving ecosystem that includes features like trading, a launchpad, a stablecoin, and robust governance mechanisms. The network is powered by a network of 1,000 EarthNodes, which ensure the security and decentralization of the platform.

To enhance interoperability and access to liquidity, WMC is EVM-compatible, allowing it to leverage the power of the Ethereum and Base ecosystems. Additionally, WMC is actively partnering with other entities including Base, Chainlink and Input | Output, to strengthen its position in the blockchain industry.

By empowering users and fostering innovation, WMC is paving the way for a more decentralized and equitable future of telecommunications. READ MORE

Nucast Subscriptions: A New Era of Cardano Payments

Cardano currently lacks a native, automated, smart-contract-based subscription service. This limitation restricts the monetization options for projects and businesses built on the blockchain. This week, Nucast.io announced that it is nearing the completion of a project that would mend this issue. 

Nucast Subscriptions aims to address this gap by offering a solution that enables users to purchase subscriptions for various services directly on the Cardano blockchain. This innovative approach allows for seamless, automated payments using ADA or stablecoins.

With Nucast Subscriptions, users can easily manage their subscriptions and enjoy the benefits of a decentralized payment system. This development represents a significant step forward for the Cardano ecosystem, opening up new possibilities for developers and users alike. READ MORE

Robinhood Relists Cardano’s $ADA

Robinhood has recently reinstated Solana, Cardano, and Ripple on its platform, alongside the addition of Pepe. This move comes after the previous delisting of these cryptocurrencies in response to regulatory concerns from the SEC.

The reinstatement of these cryptocurrencies suggests a potential shift in the regulatory landscape in the US. Robinhood's decision may indicate an anticipation of more favorable regulatory policies, particularly after the upcoming US election.

This development has had a positive impact on the market, with Cardano experiencing a significant price surge following the announcement. READ MORE

Cardano Foundation Releases MiCA Whitepaper Template to Support EU Compliance

The Cardano Foundation, in collaboration with LAWSIDE and STADLER VÖLKEL, has developed a whitepaper template to assist Cardano projects in complying with the European Union's Markets in Crypto-Assets (MiCA) regulation. This template provides guidance on the necessary disclosures and information required for crypto asset projects operating within the EU.  

MiCA mandates that crypto projects operating in the EU or targeting EU markets must publish a whitepaper outlining key details such as the project's purpose, technology, risks, functionality, and issuer information. By providing a template, the Cardano Foundation aims to streamline the process of creating compliant whitepapers for Cardano-based projects.

This initiative complements the Foundation's previous efforts to enhance regulatory compliance, such as the publication of Cardano's sustainability indicators. By adhering to regulatory standards, Cardano projects can build trust with investors and regulators, fostering a more secure and sustainable ecosystem. READ MORE

Weekly Development Report

Interesting Stories:

1. Charles Hoskinson revealed he has signed an NDA with Elon Musk’s SpaceX

2. Cardano Foundation releases Financial Insights Report 2023

3. Wanchain introduces XPORT, a Cross-Chain Data Transfer Protocol

4. zenGate Global will be coming to Argentina to debut an addition to the Palmyra ecosystem

5. Coinbase launches Coinbase 50 Index, a new way to track the cryptoeconomy

🎊 A Message from Lucas 🎊

Hello everyone, I’m writing live from Bangkok. I was here for a few days at Devcon, Ethereum´s largest event. Over 12,000 people, I'm really amazed by the size of it. Currently, writing this at the airport, so I am not able to go into it at  full depth, but I will let you know my thoughts through X in a couple of days. I've been posting some thoughts over the past few days about it. Constitutional convention is only 2 weeks away, can't wait! Hope to see some of you over there! 

–Lucas Macchiavelli