Cardano founder Charles Hoskinson defended Input Output Global (IOG) against criticism over its ADA holdings and the network’s adoption efforts. He clarified that IOG earned its ADA and it is not the people's money but profit for building Cardano. Hoskinson contrasted IOG’s ADA holdings with the Cardano Foundation (CF), which received ADA as a donation and has a mandate to allocate those funds to ecosystem development. He dismissed speculation about IOG contributing its ADA to support the integration of Circle’s USDC stablecoin. Hoskinson also addressed tensions within the Cardano ecosystem and commented on the network’s lack of progress in integrating stablecoins. Cardano is currently trading at around $0.96 and is preparing for an integration with BitcoinOS. It is also working on a scaling project called Midnight. The article mentions that Cardano may benefit from a lighter regulatory approach toward cryptocurrencies under the presidency of Donald Trump. The potential introduction of a spot ADA ETF remains uncertain, but crypto commentators are optimistic.



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