Cardano is a public blockchain platform and open-source and decentralized. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. The development of Cardano began in 2015, led by Ethereum co-founder, Charles Hoskinson.
EMURGO: The Founding Entity of Cardano
Cardano based regulated stablecoin USDA is expected to go live in 2023, as per the announcement by Emurgo, An ADA Developer.
Source: https://www.thecoinrepublic.com/2022/11/20/the-launch-of-cardano-based-stablecoin-usda/