Cardano

<ul class="news-points"> 
 <li>Cardano Founder Charles Hoskinson once again came out in support of algorithmic stablecoins.</li> 
 <li>He noted that asset-backed stablecoins control 70% of all on-chain transaction volume.</li> 
 <li>Hoskinson said that BTC ETFs might lead to a price surge, but “Legacy is eating crypto.”</li> 
</ul> 
The founder of Cardano, Charles Hoskinson, has stated that a few top companies control the majority of activity related to Bitcoin and stablecoins and <a href="https://coinedition.com/algorithmic-stablecoins-are-more-suitable-for-the-crypto-industry-charles-hoskinson/">reiterated his support for algorithmic stablecoins</a>.&nbsp; 
In a video that Hoskinson <a href="https://twitter.com/IOHK_Charles/status/1757171167428030767" target="_blank" rel="nofollow">shared</a> on social media platform X and<a href="https://www.youtube.com/watch?v=VbhvlEif2Iw" target="_blank" rel="nofollow"> YouTube</a>, titled “Legacy is Eating Crypto,” the Cardano founder noted that Circle and Tether control the asset-backed stablecoin industry. He said that USDT and USDC dominate 70% of on-chain volume while representing just 10% of the crypto industry. 
Hoskinson said that Circle and Tether are regulated companies and are therefore subject to the jurisdiction where they reside. As a result, if they are made to follow certain local policies, the holders of the stablecoins might face trouble as well.&nbsp; 
“I’m not diminishing or saying they’re [Tether, Circle] bad actors and that they’re evil people or something. I’m just sayin…
The post <a href="https://coinedition.com/digital-asset-industry-is-going-in-the-hands-of-vampires-cardano-founder-says/">Digital Asset Industry Is Going in the Hands of ‘Vampires,’ Cardano Founder Says</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Digital Asset Industry Is Going in the Hands of ‘Vampires,’ Cardano Founder Says

Coin Edition

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