USDC Saga: How long until Cardano gives in? (All Major Updates)

The USDC and Cardano drama is still underway! In this video we highlight every major detail about where the implementation of USDC natively into the Cardano blockchain is. There is a dedicated group of people working to bring this stable coin to Cardano.
✝️ "Who of you by worrying can add a single hour to your life? Since you cannot do this very little thing, why do you worry about the rest?" Luke 12:25-26
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[@GCryptoTrader]

The more choices the better, so I will also vote yes to bring USDC and USDT into Cardano. If you don't like it, than don't use it, that's the beauty of freedom, you can make choices.

[@dawsonallen]

Decentralized governance at the core

[@user-ou6bi8id1n]

Shiba moon🚀🚀🚀🚀

[@travisprice1325]

You're not looking past the superficial layer of your argument. You can already use USDT and USDC on Cardano. The "more options" argument only succeeds when there are more options with liquidity. Centralizing liquidity under USDC destroys the "more options: narrative. No new liquidity from outside the ecosystem will show up due to USDC. Instead, people inside Cardano will all buy USDC, killing liquidity in homegrown coins. Why is this a problem? You give significant power to Circle over Cardanos liquidity. CHAMPIONING FOR CENTRALIZED LIQUIDITY IS NOT DECENTRALIZED GOVERNANCE.... ITS ASKING FOR CENTRALIZATION. Want USDC? Go to a centralized network.

[@mr.j3540]

USDC should have been on Cardano, YESTERDAY! Charles is an idealist (that's great) but real users real market wants utility right now.

[@marcor2023]

CARDANO !!! i like USDC on ADA !

[@dawsonallen]

Usdc natively on Cardano would crush it

[@beauroode]

Variety and choice are good things. We need to continue to support USDM as well as good algorithmic options. USDC and USDT are essential for liquidity to flow into our ecosystem! Well worth the 10 million to onboard. That is chump change for what it will bring to the chain in terms of volume and on ramps. No brainer that we need all of it for long term health of the chain.

[@dawsonallen]

I like your take and perspective on this

[@jamesruport2608]

What evidence is there that it brings in new users? People aren’t in cardano because ghost chain, slow, dead, Charles, excuse, excuse, not because of a lack of native usdc

[@allensmith5313]

Let’s go Cardano! Been waiting for this upswing and things like this will help

[@dawsonallen]

ADA is back over $0.40!!

[@romelcurtis8652]

Bring the coin. There’s nothing wrong with options.

[@dawsonallen]

Totally agree

[@jamesruport2608]

Circle then dumps 25 mil Ada on the market and Ada price suffers?

[@romelcurtis8652]

@@jamesruport2608 I’m here because I believe in the project called Cardano. I’m not concerned about short term prices.

[@larsalvermo8532]

Community will decide,.. we will have all stable coin soon,… 1.5 B in treasury 💥

[@dawsonallen]

Is it a good use of treasury funds?

[@sharkgrayc7z06corvette9]

I wish the community would decide to make ADA at least 1 dollar :/

[@trymbruset3868]

I would be absolutely flabbergasted if the actual development cost is north of $500k. My impression is that none of the funds would go towards adding actual liquidity, and don't buy into the unbacked argument that it will bring liquidity by just being added. Taken together I can think of more fun ways to waste $20M

[@dawsonallen]

Haha $20M would be fun to waste

[@SerktheTurk]

Great video! Thanks

[@dawsonallen]

You're welcome!

[@Eskeeter03]

Give in, they can't Give In if ADA doesn't have enough volume to make it worthwhile, unless they pay an extravagant fee.

[@MuchonSifflar]

I think that algorithmic stable coins are better, you can already create a good project with 10 million, which would increase Cardano's liquidity

[@drpaine7428]

Not sure if USDC will matter..

[@TheFlyingHambone]

I'm just looking forward to the discourse regarding arguing proposals one way or another for things. If ETFs take over they'll vote to increase staking rewards to like 10% until the treasury is emptied.

[@okitimathew5514]

Tell me how to send USDT from OKX wallet to the exchange. If, for example, there is nothing else except the seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[@williambreeze2659]

We needed usdc to be implemented by the end of 2024. I don't think it's going to happen high key!

[@Trump-all-the-way]

ADA $11 to $15 next Bull Market!

[@dawsonallen]

Would be amazing

[@multitrackers9599]

Did other cryptos have to pay millions to Circle, for USDC implementation?

[@dawsonallen]

Not sure. I doubt ETH did because Circle needed to launch a product

[@RaduP3]

I would vote yes for usdc. Even if its negotiated and instead of 10 mil we pay 7 lets say. Currently over 700 mil dollars, and many people outside want it to see cardano in good eyes. Just pay the amount and price will go up becasue more people come and the ada in the treasury will amount to more, so its ..cancelling the payment out by its own

[@dawsonallen]

I agree it’s a good long term investment just to check the box

[@dineshmistry8902]

Does USDM provide the same benefit as USDC? if so USDM should be promoted the most

[@WorkLiftAnime]

I would say it serves the same functionality, but in value, absolutely not. We need usdc to finally become a true top coin. Not a self proclaimed one.

[@user-ou6bi8id1n]

ADA CARDANO SOON 0.28

[@dawsonallen]

I think that’s too low personally

[@jamesruport2608]

If we give 25 million Ada to circle they dump it and Ada price suffers? Wanchain is secure. As an aside people shit that wmt will have liquidity on centralized base, but I assume some of them want native usdc on chain. I don’t think native usdc increases adoption I’ve been building my stable wallet 20k usd, bridging usdc from wanchain to improve liquidity

[@dawsonallen]

I don’t think USDC necessarily increases liquidity either. I like your take on what does Circle do with the ADA when we give it to them

[@richardludecke7159]

Big Update and ada goes down daily😂😂

[@dawsonallen]

We’re up today

[@multitrackers9599]

Richard, what is it about the four year crypto cycle that you are struggling with?

[@arielrglaze]

Never happening