- IOG didn’t talk about the mixing of USDC on Cardano.
- Charles Hoskison predicts a repeat of historical past on the mixing of stablecoins on Cardano.
- Cardano Basis rejected 3 million USDC integration deal in 2021.
Cardano founder Charles Hoskinson clarified that Enter-Output International (IOG), which develops and maintains the Cardano blockchain, has not mentioned with Circle the mixing of USDC on Cardano. In a latest publish on X, Hoskinson famous that the corporate by no means had an opinion on launching a stablecoin on the blockchain community.
Nevertheless, Cardano's founder recalled previous occasions and predicted that historical past will repeat itself relating to USDC integration. In keeping with Hoskinson, John MacPherson, previously of the Cardano Basis, mentioned the implementation of USDC in 2021. At the moment, the inspiration rejected a $3 million integration deal, however reopened negotiations just a few years later.
Associated: Hoskinson Responds to Criticism, Teases RLUSD's Cardano Integration
Cardano's Prepared for USDC
Mutual fund operator Linda from Malu Pool defined the USDC state of affairs and highlighted the event of Cardano from 2021 to early 2022. She famous that the blockchain added native tokens with the Mary exhausting fork in 2021, enabling NFTs and tokens on Cardano for the primary time.
Then the blockchain launched the Alonzo hardfork in September 2021 and added good contracts. DeFi protocols began showing on Cardano in late 2021 and early 2022. Linda famous that Cardano was in its early levels in 2021 and couldn’t implement USDC. Nevertheless, he believes that the blockchain is now mature sufficient to deal with stablecoins.
In the meantime, many Cardano ( ADA ) fans consider the Cardano Basis's failure to implement stablecoins casts doubt on the blockchain's potential and limits its capability to draw funding. Some fans have expressed their issues and requested that the inspiration work with main stablecoin issuers to spice up blockchain development.
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