The stablecoin integration is a result of a collaboration of IOHK, Ergo, and EMURGO. It will be a crypto-backed stablecoin, and it might roll out on ADA's blockchain by the end of Q3 2021. Cardano, the blockchain project behind the 6th-largest coin by market cap, ADA, is about to receive its first stablecoin — AgeUSD. The stablecoin protocol was announced by three entities — EMURGO, the Ergo Foundation, and IOHK itself. AgeUSD stablecoin to arrive on Cardano According to what is known, the stablecoin protocol is based on the Ergo blockchain. However, IOHK CTO, Roman Pellerin, explained that it will also be available on Cardano, once the project finally unlocks its smart contract functionality.