Cardano (ADA) has yet to integrate major stablecoins like USDC and USDT, despite their presence on other blockchains. This absence has been a topic of discussion among ADA enthusiasts, who believe it could impact the blockchain's potential and ability to attract investment.
Recently, Cardano contributor Mateusz Czeladka highlighted this issue in a post, sparking a debate within the ADA community. Czeladka expressed concerns about the Cardano Foundation's lack of engagement with prominent stablecoin issuers, suggesting that the foundation's leadership, particularly Charles Hoskinson, has not prioritized these opportunities despite clear demand from the community.
However, Hoskinson directly addressed these claims, presenting a contrasting perspective. He stated that the Cardano Foundation was offered the chance to integrate USDC in 2021 for $3 million, at a time when Circle's holdings were valued at approximately $2 billion. According to Hoskinson, the foundation declined the offer.
This revelation has since been downplayed by some members of the community, who expressed disappointment over what they perceived as an attempt to shift blame for a missed opportunity. Hoskinson voiced his frustration with this narrative, which he feels misrepresents the events that transpired.
The CF could have integrated circle back in 2021 for 3 million dollars. This was when their holdings were worth almost 2 billion dollars. They turned down the deal according to their own employee. Then you rewrite history to eschew any of their responsibility and make it into…
Meanwhile, Czeladka argues that the foundation's inaction, coupled with internal power dynamics, has limited Cardano's growth potential, especially in comparison to other blockchains that have integrated USDC and USDT. The contributor suggests a lack of political will and criticizes the foundation's spending priorities, which could have enabled major deals if the leadership was willing to allocate the necessary resources.
