Cardano Foundation commits tens of millions in ADA to stablecoin liquidity

The Cardano Foundation has announced a major roadmap update, which puts stablecoins at the forefront of its approach to ￰0￱ organization confirmed that it will inject an eight-figure sum in ADA, which amounts to tens of millions of dollars, into liquidity programs backing a number of stablecoin ￰1￱ liquidity pledge will help to reinforce on- and off-ramps, which have been a challenge to DeFi adoption in ￰2￱ Foundation reiterated that this should be done even though it goes beyond its core ￰3￱ effect will be felt in the coming six to twelve ￰4￱ Foundation is also coordinating with community-led initiatives like the Stablecoin DeFi Liquidity Budget and its own ￰5￱ from its liquidity programs will be shared with the community, contributing to more resilient structures to adopt in the long ￰6￱ Charles Hoskinson noted that the pledge was a “good start.” He also called for further reforms, with a community-elected board and other expansions of governance. “ I’m glad that social pressure has improved the risk ￰7￱ still need a community-elected ￰8￱ is the last mile to reconciliation,” Hoskinson ￰9￱ had previously suggested liquidating $100 million worth of ADA into a basket of stablecoins and Bitcoin, which only emphasizes the importance of ￰10￱ integration of the USD1 stablecoin of World Liberty Financial is also one of the topics of ￰11￱ expands with venture hub and governance reforms Stablecoins are not the only part of the Foundation’s overall ￰12￱ roadmap confirms that the Cardano Venture Hub, which was tested earlier this year, will develop into a comprehensive ￰13￱ will offer startup incubation and enterprise support services, including loans, advisory, and technical ￰14￱ Foundation projects that it will spend 2 million ADA on these initiatives by ￰15￱ with Draper U, Techstars, and CV VC will provide the outsourced experience and accelerate adoption across ￰16￱ is also changing ￰17￱ Foundation will assign 220 million ADA to Adoption and Operations DReps after already delegating 140 million ADA to Builder ￰18￱ modification lessens self-delegation and is a step towards a wider decision-making authority throughout the ￰19￱ reforms were boosted following an independent audit that eased the concerns regarding 318 million ADA that had been reported ￰20￱ report ascertained that the tokens had moved to reserves, which reinstated credibility and strengthened future projects.

Web3 and real-world asset integration into Cardano The roadmap also emphasizes Cardano’s Web3 adoption ￰21￱ Web3 team is adding two new hires to work on integrations, exchange listings, and real-world assets (RWA). Cardano’s ecosystem already has an RWA launch of $10 million through a partnership with MembersCap, with more developments in the pipeline through updating standards and payment ￰22￱ team noted, ” A lot more will follow over the next three ￰23￱ out the full scope of this roadmap will take some time.” At the time of writing, ADA, Cardano’s native token, is trading at $0.8165, registering a 1% increase in the last 24 hours, down 7.6% on the weekly chart and 8.2% over the past 30 ￰24￱ $50 free to trade crypto when you sign up to Bybit now