PANews reported on March 13 that according to USDM by Moneta Digital , Hoskinson Family Office, Inc. (HFO) announced an investment of $1.5 million in W3i Software, Inc. to support the development of Cardano's first MiCA-compliant, fiat-backed stablecoin, USDM , and promote the integration of DeFi with the traditional financial system. USDM is issued by Moneta Digital and complies with the strict standards of the EU Crypto-Asset Market Regulation Act (MiCA), providing compliant on-chain financial solutions for institutions, banks and governments.