W3i Software, a remote development company behind USDM—Cardano’s first MiCA-compliant, fiat-backed stablecoin, received $1.5M from Hoskinson Family Office.
USDM, issued by Moneta Digital, is a stablecoin designed to meet the strict regulatory standards of the EU’s Markets in Crypto-Assets (MiCA) framework. By delivering a stable, transparent, and fully compliant digital dollar to Cardano, USDM opens new opportunities for builders, institutions, and governments seeking secure, on-chain financial solutions.
As part of the investment, Dan Singleman, Chief Investment Officer of HFO, will work alongside W3i CEO Jillian Plomin and the leadership team to drive the adoption of USDM across traditional banking and government systems worldwide. This strategic collaboration aims to position Cardano as a player in regulated blockchain finance.
Founded in 2022 by Matthew Plomin, W3i is a software company dedicated to building secure and compliant financial tools. Its flagship product, USDM, is a dollar-backed stablecoin providing transparency, stability, and regulatory compliance for users in the digital economy.
In line with its community-first approach, W3i has also launched a Regulation Crowdfunding (Reg CF) campaign, inviting global supporters to invest and become shareholders in W3i. This initiative offers everyday investors the opportunity to own a stake in the infrastructure powering Cardano’s regulated DeFi future.
FinSMEs
12/03/2025