Norwegian Exchange Embraces Bitcoin for New Stablecoin Launch

Norwegian Block Exchange (NBX), a leading cryptocurrency exchange in the Nordic region, has taken a significant step by adding Bitcoin to its balance sheet. This marks NBX as the first publicly listed company in Norway to do so, paving the way for their innovative new stablecoin on the Cardano blockchain. 6.0 Bitcoin worth $663,700 has been secured and will be utilized to launch USDM, the only MiCA-compliant token on the Cardano blockchain within Europe. NBX plans to earn returns from both the Bitcoin holdings and the USDM system. This move follows NBX’s successful launch of a Bitcoin cashback credit card, which has distributed 3.78 BITC to customers since its inception. 6.0 Bitcoin will increase to 10.0 by the end of June. The stablecoin, USDM, will become a key part of NBX’s long-term vision, aiming to attract new investors seeking exposure to Bitcoin within Norway.