Dubai, April 21, 2025 — EMURGO Labs, a blockchain development agency with deep expertise in Web3, is excited to announce a strategic partnership with Anzens and Encryptus to enhance the adoption and utility of USDA, the recently launched stablecoin on the Cardano blockchain. This collaboration aims to expand USDA’s real-world use cases through EMURGO Labs' partners by integrating it into various financial applications, including borrowing and lending, decentralized trading, payment solutions for remittances, and high-volume transactions.
Issued by Anzens, USDA is fully backed by dollars and dollar equivalents and is a stablecoin native to Cardano. EMURGO Labs will leverage its blockchain expertise and extensive partner network to support USDA’s seamless integration across multiple financial platforms and services.
This partnership aligns with EMURGO Labs’ mission to bridge the gap between Web2 and Web3, fostering the adoption of blockchain technology for real-world applications. By working with Anzens’ DeFi technology platform and Encryptus’ crypto<>fiat infrastructure layer, EMURGO Labs is reinforcing its role as a key technological enabler of stablecoin infrastructure.
Ahmed M. Amer, CEO of EMURGO Labs, expressed his enthusiasm for the partnership: “USDA is a major step in stablecoin evolution, and we are committed to its success through our partnership. We're integrating USDA into financial ecosystems, supporting startups & SMEs, remittances, lending, and seamless transactions. Our collaboration with Anzens and Encryptus ensures USDA becomes a practical, impactful asset across multiple sectors and geographies.”
Shantnoo Saxena, CEO of Encryptus, added: “We are thrilled to be working with EMURGO Labs. This collaboration will help us plug in our Anzens USDA stablecoin across several verticals and cross integrations with Web2 and Web3 businesses.”
Less than a month after its launch, USDA registered over $11M in TVL with more than 6M USDA deployed on Minswap.
With this partnership, EMURGO Labs is inviting businesses, investors, and blockchain enthusiasts to explore the advantages of USDA stablecoin and its potential to revolutionize digital transactions. By providing liquidity solutions, compliance frameworks, and seamless payment integrations, this initiative aims to set a new benchmark for stablecoin adoption.
For more information on EMURGO Labs and its initiatives, visit www.emurgolabs.io.
About Anzens Anzens Inc. is a financial technology company and the issuer of USDA, a fully-backed Cardano native 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/
About EMURGO Labs
EMURGO Labs is a global Web3 innovation hub specializing in blockchain solutions, real-world asset integration, and venture investments. With expertise in developing scalable, secure applications across multi-chain ecosystems, EMURGO Labs bridges the gap between Web2 and Web3 to drive sustainable growth. Learn more at https://www.emurgolabs.io.
About Encryptus Founded in 2021, Encryptus revolutionized cryptocurrency transactions for high-volume players by ensuring compliance, liquidity, and efficient pay-ins and pay-outs. With a European license and VASP status in Lithuania, Encryptus has built one of the industry’s largest off-ramp infrastructures, spanning 80+ countries and 41 currencies. For more information, visit https://www.encryptus.io.
