Stablecoins: what Cardano needs to bridge the gap between traditional finance and DeFi

During Day 1 of the Cardano Summit 2022, Vineeth Bhuvanagiri, Managing Director of EMURGO Fintech, presented why the Cardano blockchain is best positioned to bridge RealFi and DeFi and bring financial services to the masses.

[@TemplarX2]

This is the type of people we need in the crypto space. Well spoken people with charisma.

[@bigpump9483]

Cardano 2025 🚀🚀🚀🚀

[@Cwirpc]

Loving this. Embodies the main thing I like about DeFi. Happy to see a solid project is being offered on this scale and especially on Cardano. Will be having a better look at it asap.

[@CahyoChuang]

Cardano is the next home for us

[@janx6980]

Great speech, very interesting. Many thanks!

[@chumbo3992]

This was excellent

[@OhReallyQc]

Wow this is HUGE guys #ADA #Cardano will change the world for better

[@Pow456]

Most beginners believe that investing in crypto and stock is all about holding till it rises, with the recent crash in the market and recession. We should know that long term price predictions are very difficult to achieve. It's better to trade short term and make profit.

[@Harr206]

[@andreharris770]

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some

[@Kati220]

You trade also?, I

[@andreharris770]

I don't trade on my own anymore,I invest with a professional assigned by a crypto company that

[@taylordre290]

Wow, I’m surprised you also trade with Karen Fischer. She’s the best at what she does.

[@nadeemghadiyali2804]

Boom 💥💥

[@Videos1701D]

Cardano is the future for Crypto.

[@fixieroy]

Thumbs up if you arent a bot like everyone else in the comments 😂

[@RigsNCrypto]

Impressive

[@ORIGINALJRL]

So I'm curious. Keeping in mind that each USDA will be created 1:1 ... Let's say I tokenize $100 of USD into USDA... I then trade all the USDA for ADA. The price of ADA goes up 10x, and then I trade the ADA back into USDA... I now have $1000 of USDA.... How is this still backed 1:1? Because if everybody in the world does this at the same time, won't they be trying to take out more money than the amount that existed in the beginning to create the funds?

[@DaemonTools-yr5bl]

Why can't all stablecoins follow Tether's example?

[@basicguy5785]

Too limited project as it only targets the US market.

[@nadeemghadiyali2804]

Difi

[@stephonpowell3063]

Noice

[@ishuangel23]

Cardano mined 3.2 billion ADA sold 45 billion Cardano ada token so cardano is invisible sure or zero .

[@abbasnazar-tf1ql]

تهكرت

[@cryptocurrencynewsdude4387]

The problem is Cardano is so difficult to develop on, it will never gain any adoption. Charles Hoskinson's failure to acknowledge this along with blaming everyone else except himself, already means the end of Cardano. That's what you get for following con men down rabbit holes.

[@Drahcir-cq4rd]

It’s not difficult to develop on, it’s different. Haskell requires developers to code cleanly and they need to do it right from the ground up. Especially if you want to run a financial system on a blockchain you want a network that’s stable and very hard to breach. Due to Haskell’s nature it is very hard, maybe even impossible, to hack the system.

[@nasowas2972]

It's serious and this is priceless!

[@Oceanwifi]

We know who u r. You're getting around it bit more. We see you at all these Cardano events. LOL

[@cryptocurrencynewsdude4387]

They should have brought that lard azz Hoskinson up on stage to work up the crowd. When he exits, the game's over for Cardano.

[@nasowas2972]

Hi hi greetings to the Solana Fanboy.

[@Oceanwifi]

@@nasowas2972 Gotta love that mug. It's a bot dude.