# Emurgo Announces Launch Of First Stablecoin ‘AgeUSD’ For Cardano By Coinness Canonical URL: https://www.tokenpost.com/news/investing/6031 Published: 2021-01-25T08:50:03.000Z Updated: 2021-01-25T08:50:03.000Z Section: Investing > During the “Ergo Summit 2021” held on Saturday (Jan 23), Emurgo announced “AgeUSD.” The stablecoins follows a novel algorithmic design developed on the Ergo blockchain in a joint partnership between the Ergo Foundatio… During the “Ergo Summit 2021” held on Saturday (Jan 23), Emurgo announced “AgeUSD.” The stablecoins follows a novel algorithmic design developed on the Ergo blockchain in a joint partnership between the Ergo Foundation, Emurgo, and Charles Hoskinson’s Input Output Global (IOG), the parent company of IOHK. Romain Pellerin, CTO at Input Output Hong Kong tweeted that AgeUSD will be available on the Cardano blockchain once smart contract functionalities are enabled on the mainnet with Plutus. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)