Charles has to negotiate for USDT/USDC on Cardano

[electronicash]

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?

[MrSpasybo]

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

[electronicash]

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.

[MrSpasybo]

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.

[electronicash]

the result could either no USDT and USDC on the platform because what the community might vote is to just continue to have those algorithmic stablecoins. they will have issues with this. those stablecoins will end up like how binance stopped their BUSD or they will be sued right? 

you still can tell whether projects are really decentralized or not.  the politics in crypto is forcing the projects to become centralized as part of the deal for the market to have liquidity.

[MrSpasybo]

the result could either no USDT and USDC on the platform because what the community might vote is to just continue to have those algorithmic stablecoins. they will have issues with this. those stablecoins will end up like how binance stopped their BUSD or they will be sued right? 

you still can tell whether projects are really decentralized or not.  the politics in crypto is forcing the projects to become centralized as part of the deal for the market to have liquidity.

Regarding the BUSD issue, I don't understand the NYDFS's allegations. It seems like the problem lies with Paxos's management, not with the reserves backing BUSD on the market. I believe that USDT and USDC will not face the same fate because Tether and Circle have enough experience to protect themselves. I also don't oppose the centralized protocols of Tether and Circle. We all know that many other blockchain projects are not decentralized enough for us to be sure about their security. We can only continue to be optimistic and focus on profits while still paying attention to risks.

I'm really looking forward to the development of stablecoins on Cardano. Unfortunately, Mehen's USDM has not made any positive changes for DeFi and the entire Cardano ecosystem. I can't even find USDM on Coinmarketcap I hope Cardano will solve the liquidity problem in the ecosystem through stablecoins in this cycle. It could be good news to boost ADA's price.

[Manna]

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?

"Negotiations" means getting help from Charles Hoskins to bring stablecoins such as USDT and USDC to Cardano. This is not a direct exchange of money, but a strategic discussion to increase the adoption and use of the Cardano network.

[Bobcrypto]

Charles Hoskinson has great plans for Cardano platform, an additions of USDC, USDT to it blockchain networks will potentially increase adoptions and awareness of Ada token. In facts, Cardano platform has also withness many upgrades and team is known for doing consistent development of the networks. The integration of more stable coins will be very amazing, and a progressive development to cardano platform.

[kai]

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?

I don't understand how Cardano coins work yet, does Cardano have a system like Ethereum that can create new tokens under the Ethereum network? Likewise, USDT on Ethereum can use ETH GAS to send USDT to various wallets.
I've also never heard of any tokens on the Cardano network, can USDT be present on the Cardano chain? How?

[KryptoBull]

Charles Hoskinson has great plans for Cardano platform, an additions of USDC, USDT to it blockchain networks will potentially increase adoptions and awareness of Ada token. In facts, Cardano platform has also withness many upgrades and team is known for doing consistent development of the networks. The integration of more stable coins will be very amazing, and a progressive development to cardano platform.

I will only see a positive outlook for DeFi on Cardano if USDT/USDC appears in this ecosystem. Otherwise, Cardano will continue to be a boring blockchain with very little value for users and investors.

I am not a blockchain expert and don't understand why Cardano has so many barriers for stablecoins. The community will only continue to believe in IOHK's capabilities if they see the ecosystem thriving. Otherwise, everything is just promises and plans.

[electronicash]

Charles Hoskinson has great plans for Cardano platform, an additions of USDC, USDT to it blockchain networks will potentially increase adoptions and awareness of Ada token. In facts, Cardano platform has also withness many upgrades and team is known for doing consistent development of the networks. The integration of more stable coins will be very amazing, and a progressive development to cardano platform.

I will only see a positive outlook for DeFi on Cardano if USDT/USDC appears in this ecosystem. Otherwise, Cardano will continue to be a boring blockchain with very little value for users and investors.

I am not a blockchain expert and don't understand why Cardano has so many barriers for stablecoins. The community will only continue to believe in IOHK's capabilities if they see the ecosystem thriving. Otherwise, everything is just promises and plans.

they do have plans in fact its a good plan s they have a great road map for the project and the community is religiously following Charles. they are about to accomplish the long road map and it could really be competing the top smart contracts prices but it remain stuck on price below $1 and i think because of no USDT and USDC stablecoin on its blockhain.

the stablecoins in ADA are just developed by some team. i think they are all algorithmic stablecoin. hard to say it will work.

[erus]

~snip~
i watch some influencers about this and they are telling what Charles has to do.

That proves that they are influencers who continue to support Cardano coins to continue to advance and must not become Dead coins. They understand very well what they are doing because they simply want the expansion of Cardano coins to be wide and accessible to everyone around the world. They are real Ultras Cardano coins.

my question is what does negotiation mean? 

Maybe the negotiation definitely wants to provide a suitable and more complete space for the Cardano coin ecosystem and must display USDC and USDT on the Cardano coin blockchain. But I think it's better to just use DAI for its stable coin because DAI is a real decentralized coin from a stable coin pegged with USD.

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?

As far as I know if the plan is like that it means Charless Hoskinson bribed Paolo Arduino to switch his USDT to the Cardano blockchain, if you think negatively like that maybe it won't be realized. In my opinion it is better for Charles Hoskinson to let USDT, USDC, DAI, FDUSD enter the Cardano blockchain for free because it is better for Cardano's own ecosystem.