Cardano USDM Stablecoin Partners With Lace Wallet as Bitcoin DeFi Gains Momentum
Highlights
- USDM has entered into a collaboration with Cardano Lace Wallet.
- The stablecoin has its sights on playing a significant as Cardano embraces Bitcoin DeFi.
- Cardano's ecosystem is buzzing with activity after the SEC delayed its decision for a spot ETF application.
Stablecoin USDM has confirmed its integration with Cardano’s Lace Wallet, bringing it one step closer to its goal of enhancing on-chain usability. The fiat-backed stablecoin is vying for position as the leading offering in anticipation of Cardano’s foray into Bitcoin DeFi.
USDM Strikes Partnership With Lace Wallet, Braces For Bitcoin DeFi
Cardano’s premier fiat-based stablecoin, USDM, has entered into a partnership with Lace Wallet in a push to broaden its horizons. According to an X post, the stablecoin and Lace Wallet will team up to improve USDM’s on-chain usability, among other things.
While not explicitly detailed, the new partnership promises a range of advantages for USDM. For starters, USDM will be automatically listed in Lace Wallet’s token directory, giving holders native support within the wallet.
Big news! USDM is now partnered with Lace Wallet — bringing Cardano’s fiat-backed stablecoin even closer to the heart of on-chain usability. 🔗💸
As Cardano ushers in Bitcoin DeFi, USDM is ready to be the stable, regulated tool that makes it possible.
This is just the… pic.twitter.com/nXUOnptotv
— USDM by Moneta 🎾 (@USDMOfficial) June 3, 2025
Furthermore, the partnership will offer in-wallet swap integration between ADA and USDM with prospects of staking rewards. The collaboration between Lace Wallet and USDM will allow holders to use the stablecoin across Cardano-native decentralized finance (DeFi) apps.
Additionally, USDM issuers are targeting an increased role in the ecosystem as Cardano inches toward Bitcoin DeFi. Cardano founder Charles Hoskinson has previously teased the roadmap for Bitcoin DeFi, touting a three-year window for institutional players to wade into the space.
“As Cardano ushers in Bitcoin DeFi, USDM is ready to be the stable, regulated tool that makes it possible,” read the announcement.
Cardano Ecosystem Sizzles With Activity Amid Incoming Network Changes
Back in March, Lace Wallet integrated with Bitcoin, strengthening its ties with the world’s largest cryptocurrency. The non-custodial wallet later announced support for XRP, aligning with its multi-chain ambitions.
Recently, Cardano has seen a surge in ecosystem activity. Just yesterday, its largest meme coin, SNEK, announced a partnership with Input Output, sparking a rally in SNEK’s price. Meanwhile, ADA rose nearly 2% following news of the USDM-Lace Wallet integration.
With this price movement, ADA appears to have recovered from the impact of the SEC’s ETF delay as renewed optimism fuels a resurgence. Following the setback, Cardano’s daily transactions dipped below 30,000, but new data shows the network is gaining momentum again.
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients
- BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield
- Best 10 Crypto Cards for 2025
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Is Ethereum Price Set for a rebound as Whale accumulation Intensifies?
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
