- IOG has not negotiated to combine USDC on Cardano.
- Charles Hoskison predicts a repeat of stablecoin integration historical past on Cardano.
- The Cardano Basis turned down a $3 million USDC integration deal in 2021.
Cardano founder Charles Hoskinson has clarified that Enter-Output International (IOG), the corporate that develops and maintains the Cardano blockchain, has not negotiated with Circle on the combination of USDC on Cardano. In a latest article on X, Hoskinson famous that the corporate by no means had an opinion on stablecoin launch on the blockchain community.
Nevertheless, the Cardano founder recalled previous occasions and predicted that historical past would repeat itself relating to the USDC integration. In response to Hoskinson, Cardano Basis alumnus John MacPherson mentioned implementing USDC in 2021. At the moment, the Basis rejected the $3 million integration deal however reopened negotiations a number of years later.
Associated: Hoskinson responds to criticism, teases RLUSD integration on Cardano
Cardano’s preparation for USDC
Stake pool operator Linda, of Malu Pool, defined the USDC state of affairs, highlighting Cardano's improvement from 2021 to early 2022. She famous that the blockchain added native tokens with the Mary onerous fork in 2021, permitting NFTs and tokens on Cardano for the primary time.
Then, the blockchain executed the Alonzo hardfork in September 2021, including sensible contracts. DeFi protocols started to emerge on Cardano in late 2021 and early 2022. Linda famous that Cardano was in its early phases in 2021 and couldn’t implement USDC. Nevertheless, she believes that the blockchain is now mature sufficient to deal with the stablecoin.
In the meantime, many Cardano (ADA) fanatics imagine that the Cardano Basis's failure to implement stablecoins raises doubts in regards to the blockchain's potential, limiting its means to draw funding. Some fanatics have expressed their issues, requesting that the Basis work with outstanding stablecoin issuers to enhance the expansion of the blockchain.
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