Withdraw ₳4,000,000 for Expanding Stablecoin / Cardano Native Asset Support...

Treasury withdrawal: Pays ADA out of the Cardano treasury.

Status: Enacted: Approved and in effect.
Proposed: 18 Jul 2025, in epoch 570
Amount: ₳4,000,000
Action ID: gov_action13tfag48nf94rtjcdq7c06vhkslmxxw9h6c88sl7q5g5nnewcsvlp730y0dn

Votes

DReps: 68.7% yes, 67% needed, threshold reached, 113 Yes · 37 No · 8 Abstain.
Stake pools: do not vote on this action.
Constitutional Committee: 100% yes.

Projects it pays for

Anzens - Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps

Abstract

This treasury withdrawal funds **Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps** which will provide the following services:

1. Expanding wallet and custodian support for Cardano native assets (including USDA, a Cardano-native stablecoin).

2. Increasing the availability of Cardano stablecoins and native assets on exchanges and OTC desks.

3. Driving real-world utility for USDA in cross-border payments, remittances, and enterprise settlements.

4. Building cost-effective fiat on/off-ramps for ADA and Cardano native assets in frontier markets.

By addressing these challenges, Anzens aims to boost liquidity, accessibility, and adoption of Cardano's DeFi and real-world use cases, bridging traditional finance with our open source blockchain-based payments.

This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.

This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.