Cardano stablecoin shutters following launch delays

On November 24, Ardana, a renowned decentralized finance (DeFi) and stablecoin ecosystem that was built on Cardano (ADA), abruptly halted development. They justified their choice by saying that there was “funding and project timeline uncertainty.”
However, Ardana Labs will maintain any remaining funds and treasury balances in its control “until another competent dev team in the community comes forward to continue our work.” The source code for the project will continue to be accessible to anybody who wants to build with it.
The news was made in an abrupt manner, which led many individuals to be taken aback. As a result, …

Be the first to comment

Leave a Reply

Your email address will not be published.