Anzens is Live: USDA Stablecoin Minting Access is Here (Cardano)

The much-awaited initial launch of the Anzens platform is here for individuals and businesses in eligible US states interested in using Cardano’s newest stablecoin USDA.

Now, users in these states can mint USDA as desired through Anzens.

In this blog, we’ll discuss the basics of this initial launch, including how-to mint, supported wallets, eligibility requirements, minting and burning fees, and a pro tip.

Who Can Mint USDA Stablecoin?

Individuals and businesses in the following eligible US states can mint or create the USDA stablecoin:

• Arizona
• Colorado
• Indiana
• Iowa
• Kansas
• Massachusetts
• Michigan
• Montana
• New Hampshire
• New Jersey
• South Carolina
• Utah
• Virginia
• Wyoming

Global businesses with a US-based bank account in one of the above eligible states may also access USDA minting on Anzens.

Please note that although Anzens is actively expanding — directly and via our partners — USDA minting is not currently supported globally or in Europe due to local regulations.

How Do I Mint?

For a more simple, step-by-step video tutorial, check the Anzens X post here.

Which Wallets Are Supported?

• To mint USDA on Anzens.com, Yoroi Wallet is the only supported wallet for now. Anzens is working to add more wallet integrations to provide users with additional options.
• To store USDA, any Cardano-compatible wallet that supports Cardano native assets will work.

What are the USDA Minting and Burning Fees?

Anzens does not charge mint or burn fees. However, standard blockchain fees will apply:

• Minting costs ~4 ADA at the time of the transaction, with 2 ADA refunded to your wallet afterward.
• Burning only requires gas fees.

Minting Pro Tip

To help you get the most value out of minting and burning USDA with an optimized user experience, we’d love to offer you an exclusive pro tip below!

Pro Tip: Make sure to use a dedicated wallet address for minting and burning USDA.

During the minting and burning process, certain parts of your wallet’s balance (UTXOs) are temporarily locked for verification. If one of these locked UTXOs is spent during this time, the transaction may fail.

This is not specific to Yoroi Wallet, but is a feature of the UTXO model on Cardano which locks specific UTXOs for verification.

If another transaction consumes a locked UTXO before verification is complete, the minting or burning process will fail.

Using a separate wallet address helps to prevent such conflicts and ensures a smoother experience.

With this best practice, you’ll be all set to enjoy seamless transactions on the Anzens platform.

Visit Anzens.com now and get started with minting USDA

What is USDA?

USDA is a secure, Cardano-native, and fully reserved stablecoin. It is a joint technical effort between Anzens Inc., the issuer of USDA, EMURGO, the technology provider behind the Anzens platform, and BitGo Trust, an industry-leading Qualified Custodian catering to institutional clients.

In less than two weeks since its availability on Minswap, USDA currently has a daily trading volume of nearly 200k ₳ with a market capitalization of nearly 8M ₳.

Follow Anzens on X for More Updates and Tips on the USDA Stablecoin

For more tips on how to use USDA and to receive regular updates, follow Anzens on X.

You can also download Yoroi Wallet for your desktop browser to start trading USDA on Minswap.

About Anzens Inc.

Anzens Inc. is a financial services company and the issuer of USDA, a Cardano native fully-backed stablecoin. As a registered Money Service Business under FinCEN with a focus on emerging markets, Anzens is committed to regulatory compliance, financial inclusion, and creating secure financial products with real world applications. By bridging the gap between digital assets, fiat currency, and traditional financial institutions, Anzens aims to empower individuals and businesses in emerging markets and beyond. Learn more at https://anzens.com/

• Official Homepage: anzens.com
• X: @AnzensOfficial
• LinkedIn: @anzens
• Medium: @anzensofficial

About EMURGO

Established in Japan, EMURGO is a co-founding entity of the Cardano Blockchain that drives the commercial adoption of blockchain technology and asset tokenization, and serves as a technology provider to Anzens. Through strategic investments, partnerships, and infrastructure development, EMURGO connects traditional finance and Web3, enabling trust, scalability, and the tokenization of real-world assets

• Official Homepage: emurgo.io
• X (Global): @EMURGO_io
• YouTube: EMURGO channel
• LinkedIn: @EMURGO_io

Disclaimer

You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Anzens and/or EMURGO to invest.