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

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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.If we do this, then it will blow everyone out of the water. I started in this space with stablecoins and we’ve been thinking about them for seven years https://t.co/t4FGxW7cLk— Charles Hoskinson (@IOHK_Charles) February 11, 2020Is 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.”

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