Mehen, the innovative force behind the USD-pegged stablecoin USDM on the Cardano blockchain, has rebranded to Moneta as of June 17, 2024.
This change marks a new era for the company, emphasizing a cleaner and more professional image. With a new butterfly logo symbolizing freedom and innovation, Moneta continues to drive forward its mission of financial independence and growth.
Stay informed about the latest developments in the Cardano ecosystem with this significant update.
Rebranding from Mehen to Moneta
On June 17, 2024, Mehen, the developer of the USD-pegged stablecoin “USDM” based on Cardano (ADA), announced that it has changed its name to “Moneta.”
Mehen is a financial services company that has obtained money transfer licenses in various states in the US. In March of this year, it launched “USDM,” the first fiat-collateralized USD-pegged stablecoin on Cardano.
The company stated that the name change reflects the need for a cleaner and more professional appearance. Alongside the name change, a new logo has been unveiled.
According to the official announcement, Moneta’s logo features a butterfly, symbolizing freedom and innovation. This new emblem represents the company’s goal of promoting financial independence and growth.
Despite the name change, the core service remains “USDM,” and the ticker for USDM will not change. However, social media account names have been updated to “Moneta,” so users should be cautious of fake sites, accounts, and tokens.
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