Cardano is known for its advanced infrastructure and unique approach, but it currently faces challenges in adding stablecoins.
Stablecoin Integration Issues
The delay in stablecoin integration has sparked much debate in the community. Some argue that Cardano's process is unnecessarily difficult compared to other platforms, leading to questions about the reasons for these delays and who is responsible.
Role of Charles Hoskinson
Charles Hoskinson, the founder of Cardano, is often criticized. However, he claims not to be directly responsible for negotiations with stablecoin issuers like Circle; these efforts are led by the Cardano Foundation.
Transparency Concerns
Despite this, some community members still accuse Hoskinson of stalling the addition of stablecoins such as USDM and USDA. This has frustrated users who feel Cardano is falling behind its competitors. Issues of transparency and accountability raise concerns about community trust in the project.
The delay in stablecoin integration at Cardano brings serious questions about internal transparency and accountability, leading to increased criticism and frustration within the community.