Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: electronicash on April 29, 2024, 10:44:20 PM
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i'm no sure what they mean here when they say Charles has to negotiate for USDT and USDC to be in Cardano if he wants the price to go up. i watch some influencers about this and they are telling what Charles has to do.
my question is what does negotiation mean? i have my suspicions but too early to say whether it means Charles has to give away billions of Cardano to Tether and Coinbase in exchange for a million USD?
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i'm no sure what they mean here when they say Charles has to negotiate for USDT and USDC to be in Cardano if he wants the price to go up. i watch some influencers about this and they are telling what Charles has to do.
my question is what does negotiation mean? i have my suspicions but too early to say whether it means Charles has to give away billions of Cardano to Tether and Coinbase in exchange for a million USD?
ADA token has been very successful in the bullrun 2017 thanks to the ICO wave, in the bullrun 2021 thanks to the development of the platform and smart contracts, but in the bullrun 2025, I think success will only come from the vibrancy of the ecosystem. Therefore, the demand for stablecoins will be very large in DeFi on Cardano. It's a shame that the TVL on Cardano is only $270M, too small compared to ADA's marketcap and the Cardano ecosystem potential.
I believe that USDT and USDC will remain the most popular and important stablecoins in the crypto market in the long term. Cardano needs USDT and USDC, but integrating them onto Cardano is more complex than usual because it could harm the core values of the blockchain. I think Charles Hoskinson and his colleagues need to address these issues before wanting to have more stablecoins on Cardano. Tether and Circle both want to make profit, they need users and capital flow, they will not refuse the opportunity on Cardano.
I believe that Charles Hoskinson will make the best decisions for the ecosystem future. Each proposal will be approved by the community, I think the Cardano community will not accept a proposal that harms the project's budget and reputation.
- DefiLlama: Cardano (https://defillama.com/chain/Cardano)
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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?
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.
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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?
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.
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.
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.