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Cardano Forum / Re: Charles has to negotiate for USDT/USDC on Cardano
« on: Today at 08:04:08 PM »there could be a condition for adding these stablecoins though. from what i have read on some posts was that tether and circle may want control over the stablecoins in the cardano which they can freeze if they need to. if charles doesn't approve something like this i guess is preventing to compromise decentralization of ADA?Tether and Circle are crypto companies that have full control over their protocols, including freezing user accounts. They need to do this to ensure compliance with the laws of countries in cases involving crime. This is happening on Ethereum, Tron, BSC, Solana... We need to get used to this and I think the Cardano community also needs to accept it so as not to hinder the development of the ecosystem.
this was the dealings i have heard on some L1 projects actually that's why they have stablecoin in them and their prices goes up.
Charles Hoskinson is a wise man, I still believe that he will do everything in the best interests of Cardano's future. A technical and regulatory agreement could help solve this problem once and for all, bring more stablecoins to the Cardano ecosystem, and ensure its growth in this bullrun.