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- IOG didn’t negotiate to combine USDC on Cardano.
- Charles Hoskison predicts a repeat of historical past about stablecoin integration on Cardano.
- The Cardano Basis declined 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, didn’t negotiate with Circle on USDC integration on Cardano. In a latest put up on X, Hoskinson famous that the corporate by no means had an opinion on the stablecoin launching on the blockchain community.
Nevertheless, the Cardano founder recalled previous occasions, predicting that historical past will repeat itself relating to USDC integration. Based on Hoskinson, John MacPherson, previously of the Cardano Basis, mentioned USDC implementation 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 Readiness for USDC
Stake pool operator Linda, from Malu Pool, defined the USDC scenario, highlighting Cardano’s improvement from 2021 to early 2022. She famous that the blockchain added native tokens with the Mary laborious 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 rising on Cardano in late 2021 and early 2022. Linda famous Cardano was in its early phases in 2021 and couldn’t implement USDC. Nevertheless, she believes the blockchain is now mature sufficient to deal with the stablecoin.
In the meantime, many Cardano (ADA) lovers imagine the Cardano Basis’s failure to implement stablecoins raises doubts in regards to the blockchain’s potential, limiting its skill to draw funding. Some lovers have voiced their issues, asking that the Basis work with distinguished stablecoin issuers to reinforce the blockchain’s progress.
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