Cardano Creator Speaks Out on $3 Million USDC Integration Deal

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Despite the growing influence of USDC and USDT on other blockchains, Cardano has yet to secure major partnerships with these stablecoins. Advertisement For many ADA enthusiasts, the absence of USDC by Circle and USDT by Tether casts doubt on the blockchain’s potential and its ability to attract investment. This ongoing frustration resurfaced recently, thanks to a post by Cardano contributor Mateusz Czeladka, which reignited the debate. Related Sun, 01/12/2025 – 13:22 Cardano (ADA) Surpassing All Top-10 Coins as It Back on $1 Arman Shirinyan HOT Stories Cardano Founder Reacts to Peter Brandt’s Latest XRP Army Peace Move MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges Satoshi’s First Move: 16 Years of Bitcoin’s Legacy Key Bitcoin Driver Linked to Current Price Correction Revealed by Max Keiser Czeladka voiced his concerns about the Cardano Foundation’s reluctance to engage with prominent stablecoin issuers. He suggested that the Foundation’s leadership, particularly Charles Hoskinson, has failed to prioritize these opportunities, even when the community has made its demands clear. Advertisement USDC to ADA: Failed Hoskinson , however, responded directly to the claims, offering a different perspective. He explained that the Cardano Foundation had been presented with the opportunity to integrate USDC as far back as 2021, for just $3 million — when Circle’s holdings were valued at nearly $2 billion. Related Sat, 01/11/2025 – 12:00 Cardano Founder Validates XRP Community, Here’s Why Godfrey Benjamin According to Hoskinson, the Foundation rejected the deal at that time, an action that has now been downplayed by some members of the community. He expressed disappointment over what he saw as an attempt to rewrite history, attributing blame to others for what he considered a missed opportunity. The CF could have integrated circle back in 2021 for 3 million dollars. This was when their holdings were worth almost 2 billion dollars. They turned down the deal according to their own employee. Then you rewrite history to eschew any of their responsibility and make it into… — Charles Hoskinson (@IOHK_Charles) January 12, 2025 Related Fri, 01/10/2025 – 11:56 Cardano (ADA) Eyes Key Resistance Level Amid Price Revival Godfrey Benjamin On the other hand, according to Czeladka, the foundation’s unwillingness to act, combined with internal power dynamics, has hindered Cardano’s growth potential, especially in comparison to other blockchains that have embraced USDC and USDT. The contributor alluded to a perceived lack of political will and criticized the Foundation’s spending priorities, claiming it could have secured major deals if the leadership was willing to allocate sufficient resources. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Cardano #Cardano News About the author Gamza Khanzadaev Financial analyst, trader and crypto enthusiast. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain. 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