• bitcoinBitcoin (BTC) $ 117,436.00
  • ethereumEthereum (ETH) $ 2,938.42
  • xrpXRP (XRP) $ 2.69
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 685.17
  • solanaSolana (SOL) $ 161.32
  • usd-coinUSDC (USDC) $ 0.999952
  • dogecoinDogecoin (DOGE) $ 0.198413
  • tronTRON (TRX) $ 0.299029
  • staked-etherLido Staked Ether (STETH) $ 2,929.18
  • cardanoCardano (ADA) $ 0.701037
  • hyperliquidHyperliquid (HYPE) $ 45.43
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,317.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,555.20
  • suiSui (SUI) $ 3.34
  • stellarStellar (XLM) $ 0.351192
  • bitcoin-cashBitcoin Cash (BCH) $ 527.84
  • chainlinkChainlink (LINK) $ 15.17
  • avalanche-2Avalanche (AVAX) $ 20.63
  • leo-tokenLEO Token (LEO) $ 9.03
  • hedera-hashgraphHedera (HBAR) $ 0.191063
  • wrapped-eethWrapped eETH (WEETH) $ 3,155.93
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • usdsUSDS (USDS) $ 0.999842
  • the-open-networkToncoin (TON) $ 2.92
  • wethWETH (WETH) $ 2,941.13
  • litecoinLitecoin (LTC) $ 93.51
  • whitebitWhiteBIT Coin (WBT) $ 46.65
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 326.10
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,474.00
  • polkadotPolkadot (DOT) $ 3.88
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.51
  • pepePepe (PEPE) $ 0.000012
  • uniswapUniswap (UNI) $ 8.61
  • aaveAave (AAVE) $ 296.55
  • bittensorBittensor (TAO) $ 388.05
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.467068
  • crypto-com-chainCronos (CRO) $ 0.100942
  • aptosAptos (APT) $ 4.86
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • nearNEAR Protocol (NEAR) $ 2.50
  • okbOKB (OKB) $ 48.89
  • internet-computerInternet Computer (ICP) $ 5.31
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 195.64
  • ondo-financeOndo (ONDO) $ 0.878339
  • ethereum-classicEthereum Classic (ETC) $ 18.25
  • susdssUSDS (SUSDS) $ 1.06
  • kaspaKaspa (KAS) $ 0.084772
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.61
  • ethenaEthena (ENA) $ 0.332220
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.226963
  • vechainVeChain (VET) $ 0.023878
  • mantleMantle (MNT) $ 0.605260
  • arbitrumArbitrum (ARB) $ 0.403337
  • official-trumpOfficial Trump (TRUMP) $ 9.86
  • gatechain-tokenGate (GT) $ 16.31
  • fasttokenFasttoken (FTN) $ 4.45
  • algorandAlgorand (ALGO) $ 0.216120
  • render-tokenRender (RENDER) $ 3.59
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.710890
  • sei-networkSei (SEI) $ 0.326248
  • worldcoin-wldWorldcoin (WLD) $ 1.04
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,942.37
  • bonkBonk (BONK) $ 0.000022
  • filecoinFilecoin (FIL) $ 2.53
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,366.00
  • skySky (SKY) $ 0.078669
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.71
  • binance-staked-solBinance Staked SOL (BNSOL) $ 171.14
  • spx6900SPX6900 (SPX) $ 1.59
  • jupiter-exchange-solanaJupiter (JUP) $ 0.482694
  • kucoin-sharesKuCoin (KCS) $ 11.45
  • usdtbUSDtb (USDTB) $ 0.999870
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996237
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.022726
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,072.81
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,342.75
  • celestiaCelestia (TIA) $ 1.93
  • usdt0USDT0 (USDT0) $ 0.999873
  • story-2Story (IP) $ 4.41
  • nexoNEXO (NEXO) $ 1.28
  • fartcoinFartcoin (FARTCOIN) $ 1.25
  • memecoreMemeCore (M) $ 0.776686
  • injective-protocolInjective (INJ) $ 12.19
  • xdce-crowd-saleXDC Network (XDC) $ 0.072904
  • flare-networksFlare (FLR) $ 0.016807
  • optimismOptimism (OP) $ 0.654727
  • sonic-3Sonic (S) $ 0.354491
  • blockstackStacks (STX) $ 0.734283
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,128.78
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.68
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,083.79
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,291.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,087.80
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.14
  • dogwifcoindogwifhat (WIF) $ 0.954536
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • the-graphThe Graph (GRT) $ 0.095645
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 116,654.00
  • immutable-xImmutable (IMX) $ 0.494092
  • pax-goldPAX Gold (PAXG) $ 3,343.88
  • flokiFLOKI (FLOKI) $ 0.000096
  • wbnbWrapped BNB (WBNB) $ 686.04
  • kaiaKaia (KAIA) $ 0.154962
  • clbtcclBTC (CLBTC) $ 118,529.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999408
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,178.89
  • curve-dao-tokenCurve DAO (CRV) $ 0.624455
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.46
  • vaultaVaulta (A) $ 0.535158
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 180.80
  • tether-goldTether Gold (XAUT) $ 3,345.80
  • msolMarinade Staked SOL (MSOL) $ 210.31
  • theta-tokenTheta Network (THETA) $ 0.782020
  • galaGALA (GALA) $ 0.016875
  • lido-daoLido DAO (LDO) $ 0.830354
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • iotaIOTA (IOTA) $ 0.186188
  • raydiumRaydium (RAY) $ 2.69
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.59
  • ousgOUSG (OUSG) $ 111.77
  • jasmycoinJasmyCoin (JASMY) $ 0.014451
  • the-sandboxThe Sandbox (SAND) $ 0.284419
  • zcashZcash (ZEC) $ 41.79
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998288
  • jito-governance-tokenJito (JTO) $ 1.92
  • aerodrome-financeAerodrome Finance (AERO) $ 0.784749
  • pyth-networkPyth Network (PYTH) $ 0.114164
  • bittorrentBitTorrent (BTT) $ 0.00000067
  • super-oethSuper OETH (SUPEROETH) $ 2,939.95
  • wrapped-hypeWrapped HYPE (WHYPE) $ 45.37
  • pendlePendle (PENDLE) $ 3.91
  • saros-financeSaros (SAROS) $ 0.246563
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,133.76
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,159.83
  • tezosTezos (XTZ) $ 0.594434
  • mog-coinMog Coin (MOG) $ 0.000002
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 116,802.00
  • tbtctBTC (TBTC) $ 116,466.00
  • newton-projectAB (AB) $ 0.009093
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,934.90
  • flowFlow (FLOW) $ 0.373116
  • falcon-financeFalcon USD (USDF) $ 0.999217
  • decentralandDecentraland (MANA) $ 0.302806
  • usual-usdUsual USD (USD0) $ 0.998097
  • syrupMaple Finance (SYRUP) $ 0.529456
  • chain-2Onyxcoin (XCN) $ 0.016170
  • build-onBUILDon (B) $ 0.557728
  • walrus-2Walrus (WAL) $ 0.398906
  • based-brettBrett (BRETT) $ 0.055313
  • coredaoorgCore (CORE) $ 0.545734
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,697.00
  • morphoMorpho (MORPHO) $ 1.68
  • thorchainTHORChain (RUNE) $ 1.51
  • apecoinApeCoin (APE) $ 0.661637
  • heliumHelium (HNT) $ 2.83
  • bitcoin-svBitcoin SV (BSV) $ 25.85
  • staked-hypeStaked HYPE (STHYPE) $ 45.37
  • starknetStarknet (STRK) $ 0.143661
  • conflux-tokenConflux (CFX) $ 0.100362
  • ripple-usdRipple USD (RLUSD) $ 0.999831
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.198940
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,931.69
  • true-usdTrueUSD (TUSD) $ 0.999007
  • usddUSDD (USDD) $ 1.00
  • venomVenom (VENOM) $ 0.222113
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004579
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007826
  • dydx-chaindYdX (DYDX) $ 0.606403
  • stader-ethxStader ETHx (ETHX) $ 3,117.82
  • kavaKava (KAVA) $ 0.411359
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999883
  • apenftAPENFT (NFT) $ 0.00000045
  • beldexBeldex (BDX) $ 0.062187
  • compound-governance-tokenCompound (COMP) $ 46.58
  • neoNEO (NEO) $ 6.13
  • dexeDeXe (DEXE) $ 7.61
  • elrond-erd-2MultiversX (EGLD) $ 15.06
  • aioz-networkAIOZ Network (AIOZ) $ 0.358919
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,242.13
  • ether-fiEther.fi (ETHFI) $ 1.12
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.33
  • arweaveArweave (AR) $ 6.29
  • telcoinTelcoin (TEL) $ 0.004480
  • ecasheCash (XEC) $ 0.000021
  • deepDeepBook (DEEP) $ 0.163579
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • axie-infinityAxie Infinity (AXS) $ 2.45
  • zksyncZKsync (ZK) $ 0.056096
  • usdbUSDB (USDB) $ 0.995790
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 116,923.00
  • 1inch1inch (1INCH) $ 0.287658

Cardano Stablecoins: Community Discusses USDA, USDM, DJED Liquidity Pool

0 32

Cardano Stablecoins: Community Discusses USDA, USDM, DJED Liquidity Pool

Cardano (ADA) founder Charles Hoskinson proposed an idea of how Cardano (ADA) might benefit from launching a liquidity pool with its three largest USD-pegged stablecoins. About 85% of his followers supported the proposal for USDA, DJED and USDM stable cryptocurrencies.

Cardano (ADA) community welcomes Charles Hoskinson’s idea of stablecoin-based liquidity pools

Cardano’s (ADA) stablecoins USDA, DJED and USDM might be integrated into a rebalanced liquidity pool to make the blockchain’s liquidity healthier. Such proposal was shared by Cardano (ADA) inventor Charles Hoskinson yesterday, Jan. 31, 2025, with his 1 million followers on X.

Should the community add to the annual budget a monthly purchase of USDA, USDM, and DJED to be managed by an external firm to improve liquidity in the ecosystem?

If no, then comment on why or an alternative plan

— Charles Hoskinson (@IOHK_Charles) January 31, 2025

This hypothetical liquidity pool should be topped up monthly and managed by a third-party entity with the purpose of generating yield. Hoskinson asked community enthusiasts to share their opinions and suggest alternative ideas for liquidity concepts on Cardano (ADA).

As of printing time, 5,227 followers of Hoskinson’s account took part in the poll, with almost 85% supporting the idea of such a pool.

Also, the author stressed that only the Cardano (ADA) community should decide which entity should be responsible for external management. Critics of the idea supposed that Cardano (ADA) should better be tasked with bringing USDC to its ecosystem instead of experimenting with native stablecoins.

Some of them added that all Cardano’s (ADA) stablecoins are too early-stage to discuss the prospects of them being managed in an external liquidity pool.

Bringing back value to Cardano (ADA) ecosystem

The main concern of skeptics was the prospect of moving stablecoin value outside the Cardano (ADA) DeFi ecosystem. Addressing this point, Hoskinson highlighted that extra yield will be reinjected into Cardano’s (ADA) liquidity:

More minting and liquidity of native cardano stables that can enter our DeFi space as TVL and lending. And yes, it is if profits are converted back to ADA and donated to treasury

As per the DefiLlama tracker, the net capitalization of Cardano’s (ADA) stablecoins targets $25 million in equivalent. Cardano’s DJED is the most popular stablecoin in this segment with a $3.29 million capitalization. DJED is available on Bitrue (BTR) CEX as well as on Wingriders and MinSwap decentralized exchanges.

Other notable Cardano stablecoins include IUSD, USDM and USDA.

This week, Cardano (ADA) made headlines by activating its hotly-anticipated hard fork Plomin in a bid toward the ultimate stage of decentralization and community governance.

Source

Leave A Reply

Your email address will not be published.