RATE Group | Cardano Stablecoin Will Surpass Ethereum’s DAI Says Founder, as ADA Surges 12%
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Cardano Stablecoin Will Surpass Ethereum’s DAI Says Founder, as ADA Surges 12%

14 Feb Cardano Stablecoin Will Surpass Ethereum’s DAI Says Founder, as ADA Surges 12%

Posted at 07:36h in Ethereum News by

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IOHK CEO, Charles Hoskinson took to Twitter to say he’s thinking about launching a stablecoin on the Cardano network. Which, he claims with confidence, will surpass DAI in terms of its level of trustlessness.

Is a Cardano Stablecoin On The Cards?

Weiss Crypto Ratings recently sent tongues wagging with a tweet that let slip Hoskinson’s plans to launch a stablecoin.

In addition, Weiss drew reference to DAI, as the benchmark decentralized stablecoin to beat.

“We hear that@IOHK_Charles wants to build a version of DAI on Cardano. So far, #DAI is the only trustless #stablecoin in #crypto world, but there should be more. Stablecoins like DAI have no central point of failure, which is a BIG advantage over the likes of #USDT or #USDC.”

In response, Hoskinson…

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