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Cardano is now host to the first legally enforceable smart contract on its network, which was signed in and is under the jurisdiction of Argentina’s courts. The contract is a loan agreement between Cardano ambassadors Mauro Andreoli and Lucas Macchia for 10,000 Cardano (ADA) tokens — worth $3,380 — payable in 4 months at an interest rate of 10%. It’s the first time an Argentine court could enforce full payment in ADA from a Cardano smart contract, Andreoli explained in an Oct. 8 X post. “We did it, we have just signed the first legally and judicially enforceable contract on the Cardano network…

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