Cardano’s development team plans to release the first fully regulated stablecoin in 2023 – USDA, backed by fiat and pegged to the U.S. dollar. As well as an algorithmic stabelcoin with overcollateralization, released by the COTI platform, called Djed.
Cardano (ADA) has been one of the most popular cryptocurrencies on the market over the past few years. The time is ripe for its further expansion in the coming years. This virtual currency and blockchain network promise to change the way developers and network participants interact with blockchain networks. Indeed, Cardano wants to make it easier, faster and cheaper for anyone to use the blockchain network. This can be reflected in the price of ADA’s virtual currency. The project has been expanding over the past few years and is one of the top 10 cryptocurrencies by capitalization.