CandleFocus Cardano’s Strategic Decision: Evaluating USDC’s Impact on Ecosystem Liquidity
2025-02-02
Author: Content Editor
The co-founder of Cardano, Charles Hoskinson, has expressed concerns about the dominance of stablecoin manufacturer Circle's USDC and its negative effects on Cardano's liquidity and blockchain development. Projects like Polkadot and Algorand have found that USDC tends to favor its ecosystem, leaving other blockchains with minimal benefits despite significant investments. As a potential alternative, Cardano is evaluating Ripple's RLUSD, a stablecoin designed to foster liquidity in ecosystems like Cardano. RLUSD offers a more accessible option for liquidity and Ripple's support and commitment to adoption make it an attractive alternative. By considering RLUSD, Cardano could differentiate itself from other blockchains tied to USDC and focus on ecosystem growth. Ripple's strong desire for RLUSD's success could offer Cardano more favorable terms and ensure sustainable and scalable liquidity. Cardano sees the monopolistic nature of USDC as a barrier to its future growth and believes RLUSD could provide a decentralized framework.
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