Cardano’s USDC Crisis - Sabotage or Conspiracy?

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  • Опубліковано 14 січ 2025

КОМЕНТАРІ • 310

  • @DappCentral
    @DappCentral  День тому +6

    💌Thank you for watching Cardano Community, I really appreciate it!
    😇If you'd like to support the channel while earning $ADA, consider delegating with the DAPP stake pool!
    pool.pm/56dec7ec811a1534b3e4d8ba8bb24315e7f15aea0c2718706a9ded2a

  • @cilangkapdotcom
    @cilangkapdotcom День тому +22

    Thanks mate for keeping all things Cardano...Transparent! 🎉

  • @FatihRifat-bh8ld
    @FatihRifat-bh8ld День тому +127

    Just got my XAI105e tokens! Thanks for the informative video that led me here, especially after Elon Musk’s interview!

  • @CathiesWood
    @CathiesWood День тому +15

    Just one more reason why a majority of the world outside of the United States uses USDT

  • @ISAIASDallas-y6h
    @ISAIASDallas-y6h День тому +125

    Your video on XAI105e was super helpful! I’m feeling bullish after Elon Musk’s podcast!

  • @PickUpTheToy
    @PickUpTheToy День тому +15

    Love the content! You keep Cardano news interesting 🤔👍🏽

  • @turbodump4753
    @turbodump4753 День тому +15

    Its a public chain. If they want on, they can put themselves on. Im okay without USDC as long as i have access to usdm or iusd or djed. My long term goal is to mint as much djed as possible.

    • @sarapent28
      @sarapent28 День тому +2

      Exactly! Give people the choice instead of this ethos driven blockade.

    • @andrewnguyen3312
      @andrewnguyen3312 День тому

      Amen

  • @elduderino7767
    @elduderino7767 День тому +31

    Usdc it's a massive security risk
    Supporting usdc is The same as relinquishing the decentralisation of cardano
    And cardano without decentralisation is useless

    • @AXharoth
      @AXharoth День тому

      cardano doesnt have decentralization , when devs have big bags you cant talk about decentralization

    • @elduderino7767
      @elduderino7767 День тому +8

      @@AXharoth you are mistaken, cardano is one of the most decentralised protocols out there, first by design and also due to it's age and volume
      it's an ancient protocol and tokens have changed hands thru 3 bear cycles now
      in relation to devs, they hold jack shit, if anything they are a source of constant selling pressure, more often then not funds are sold on exchanges after being dispersed from catalyst

    • @sarapent28
      @sarapent28 День тому

      @@elduderino7767 I think AXharoth is a bot... or an idiot.. don't bother.

    • @qbanlink25
      @qbanlink25 День тому

      ​@@sarapent28No, me and all my ADA will be voting to not integrate USDC. Also your sugary drink at the gym analogy is nonsensical, the intent in going there is to get in shape, not blow up their diet.

    • @AXharoth
      @AXharoth День тому

      @ they are holding jack shit ? oh rly? and how are you so uninformed? why would you talk out of your ass tell me plz?

  • @whirledpeas5644
    @whirledpeas5644 День тому +15

    Sure, everybody wants ADA to pump but I'm not comfortable with USDC on Cardano. It sounds like it could be a trap.

  • @hootans.4293
    @hootans.4293 День тому +35

    I understand that it can be challenging at the beginning without USDC on Cardano, but in the long run, it's actually better for Cardano. If USDC were to integrate, it could gain too much influence, especially during hard forks, due to Cardano's decentralized nature. What Cardano needs is its own decentralized stablecoin, backed by USD, along with strong marketing. I remember when I was studying the market, there was an old saying: 'If you have $100, spend $99 on marketing and $1 on the product or service.' This highlights how crucial it is to build awareness and adoption alongside a solid foundation

    • @CaptureMotionVR
      @CaptureMotionVR День тому +3

      Exactly...there are many of them.

    • @WezzaKay
      @WezzaKay День тому

      I agree but the real split "when it comes to a company and it's products is a 70/30 split.
      70 Marketing
      30 Product

    • @sarapent28
      @sarapent28 День тому +2

      true. Buuuut, the market doesn't care... why else is USDC so successful? Why else is Ethereum TVL rising like hell and Cardano's falling slowly (ex-staking)...? It is because users don't understand, don't know or just bluntly don't care about the weaknesses in design of USDC as much as cardano community does. Cardano is missing the boat. If you want users to use Cardano, roll out the red carpet and put USDC on this chain or come up with something better fast and hope your marketing works as imagined and indeed attracts users on the premise of your stable alternative not having the issues of USDC... I for one doubt people will migrate their bags just because the alternative has no clawback or freezing of funds or such... Clawback and Freezing funds are features of the current banking system and everyone on the planet uses that just fine... I was against USDC at first, but I see the writing on the wall on defillama... You have to reach out and pamper customers or they will go elsewhere and this chain will rot like an aged science project.

    • @mskmsk7174
      @mskmsk7174 День тому +3

      Totally disagree. Don't reinvent the wheel. USDC is a good stable coin that already covers this area. Cardano does not need it's own stable coin it only needs access to a good existing one. A total no-brainer in my book.

    • @xrzee1130
      @xrzee1130 День тому +2

      100% ... RLUSD will be better and bigger for Cardano anyway.

  • @wally6615
    @wally6615 День тому +9

    More than likely they'll go with RLUSD, it will be the dominate player in 6 months and you can see as of late CH talking to Ripple and apologizing to xrp army for things he has said in the past.

  • @TheThugNasty
    @TheThugNasty День тому +2

    Best cardano content on UA-cam

    • @DappCentral
      @DappCentral  День тому +1

      Funny I was just thinking about you. GM Thug and thank you as always. Wishing you a good day ahead! 🤝

    • @TheThugNasty
      @TheThugNasty День тому

      @@DappCentral lol, hopefully it was good thoughts!
      Have a good one brotha. See you on the next video 🤝

  • @DG-md5fw
    @DG-md5fw День тому

    So should we bail?

  • @TotalPower-df3gj
    @TotalPower-df3gj День тому

    That's on your channel Bob was here day 1. Glad you took my criticism to heart and actually used it instead of being a know it all. You deserve it if not for that alone .

  • @Rakstawr
    @Rakstawr День тому +13

    I for one do NOT want anything to do with USDC on Cardano. No one who advocates in favor of it ever mention what novel capability it would unlock. The people who want it dont even have enough money to transfer into Cardano to justify the cost of the implementation. Waste of money.

    • @yfruitloops2352
      @yfruitloops2352 День тому

      You simply don’t understand what cardano bring to the table. It would implement a security system on all money so when using it at the gas station or grocery store your, “ Cardano” could never be hacked. Mainly it is to decentralize the money which is simply just fiat money and has actually no real backing of the dollar so governments have the power to print away. It’s not a matter of what u think u want. It’s the matter of understanding 100% of what it actually can do now and in the future. This will be the future, it is only a matter of time of when the people get informed and adopted Cardano.

  • @bluemammal
    @bluemammal День тому +5

    I'm so impressed by your tenacity Farid! Thank you for digging and sharing the info!

    • @DappCentral
      @DappCentral  День тому +1

      Thank you Mammal! The kind words keep me going. I’m not stopping till I’m full time here. 🫡

  • @leeread1234
    @leeread1234 День тому +2

    I think Cardano is doing fine without USDC so not particularly bothered.

  • @tdt5927
    @tdt5927 День тому

    I thought IOG assigned 2 people to a stablecoin commission about a year ago. What happened

  • @CHARLEStoken0Ncardano
    @CHARLEStoken0Ncardano День тому +1

    This is an interesting topic. Seems like usdc is priced out at this point. But might be necessary for the bear market. Cardano being the "gold standard" of crypto should have the gold standard stable coin

  • @hertzollner
    @hertzollner День тому +1

    Why not Ripple USD? (RLUSD)

  • @Grandioos
    @Grandioos День тому +3

    Cardano needs usdc usdc and USDC

  • @AyseHuseyin-j6c
    @AyseHuseyin-j6c День тому +127

    I love how you broke down the XAI105e project in your video! Can’t wait to see it skyrocket!

  • @bubbleox8631
    @bubbleox8631 День тому +1

    What a storm in a tea cup 😂😂😂😂

  • @FulyaAlper
    @FulyaAlper День тому

    Just bought my first XAI105e tokens! Your video made it clear this is a must-have in my portfolio

  • @OmerYurdun
    @OmerYurdun День тому

    Cheers for all the XAI320K info, im going to swap out ETH to XAI320K now.

  • @SerkanZeliha-w5r
    @SerkanZeliha-w5r День тому

    Just watched your video on XAI105e! The buzz from Elon Musk’s podcast has me hyped!

  • @RachellHulsey
    @RachellHulsey День тому +128

    Your insights on XAI105e were exactly what I needed! Elon Musk’s podcast made it even clearer!

  • @demetridutch84
    @demetridutch84 20 годин тому

    Yes to voting as a community. It is the only way and we must ALL vote. Therefore voting should be made as easy and user friendly as possible. Democracy works best when everyone gets a say.

  • @miguelgarza8769
    @miguelgarza8769 День тому +1

    Some of us already saw the conflict of interest with Circle. Cardano is the competition to their home base - EVM. I would not trust Circle to be unbiased and fair should they be integrated. We should explore different options before allowing the wolf into the hen house. Perhaps Ripple, USDT, or both, so that Cardano is never held hostage by anything or anyone.

  • @thomastse5923
    @thomastse5923 День тому +2

    I think it is not possible, if we want to vote for it we need to know how much💰 do Circle want for making this happen. And this is something that Circle will not expose publicly. I think in order to force Circle to come to Cardano, we need to mitigate cardano stable coin to other blockchains to challenge USDC.

  • @Swordmaster7th
    @Swordmaster7th День тому +1

    Rather have RLUSD anyway.

  • @EvelynWay-u9i
    @EvelynWay-u9i День тому +131

    Just bought XAI105e after watching your video! The buzz from Elon Musk’s podcast is contagious!

  • @GulperiSercin
    @GulperiSercin День тому

    Just bought XAI105e after watching your video and hearing Elon Musk’s thoughts on it!

  • @LUCIORestrepo
    @LUCIORestrepo День тому

    Awesome coverage of XAI320K. You're not late - just zoom out and look at the big picture. Youve earned yourself a subscriber 😎

  • @kuh7781
    @kuh7781 День тому

    It is clear that CF began negotiations with Circle regarding USDC several years ago. Regardless of what has transpired since then, the continued lack of any explanation is an insult to the community and a dereliction of duty. The issue extends beyond USDC. The biggest problem is CF's lack of transparency.

  • @TXMinibikes
    @TXMinibikes День тому

    Keep up the amazing work

  • @unclejoejoe3009
    @unclejoejoe3009 День тому +1

    Another great video --- thank you!

  • @brodyalden
    @brodyalden День тому

    Thanks Farid

  • @EmeldaLipscomb
    @EmeldaLipscomb День тому

    Your analysis of XAI105e was spot on! I’m ready to ride this wave, especially with Elon Musk backing it!

  • @trueenviro
    @trueenviro День тому +1

    Just dropped my $ADA into the new DAPP C pool - let’s go.

    • @DappCentral
      @DappCentral  День тому

      Massive thank you True! 🙏

    • @trueenviro
      @trueenviro День тому

      Ur welcome - u do great job with the info and building trust. hopefully next you’ll set up as DRep.

  • @golfdegenerate
    @golfdegenerate День тому

    I’ve been busy the last day or so thanks for the update

  • @russellg.bullenjr.5847
    @russellg.bullenjr.5847 День тому +3

    Why all the fud in the titles ?

    • @DappCentral
      @DappCentral  День тому +1

      I wouldnt call that FUD, more of a question, but I hear you. Theres definitely a stablecoin crisis. Theres now question of a sabotage from the CF or is it all conspiracy. Hopefully that helps. Thanks for tuning in.

    • @tota5
      @tota5 День тому

      Dapp is giving the political correctness answer here lol, i have an YT channel. The algorithm made the titles and thumb become either s scandally crazy attractive, or no one clicks your video.
      It's sad, no one of us creator likes it, but if we don't play along, we see zero growth

  • @Tech-ez1qj
    @Tech-ez1qj День тому +8

    It's because IOHK wants Cardano to be the world currency. It wants to have its own stablecoin that overtakes all stablecoins. There is big money in stablecoins. Tether makes billions. If Cardano accepts usdc or usdt it will end Cardanos chance of their own stablecoin.

  • @KadirMehmet-y9i
    @KadirMehmet-y9i День тому

    Welcome to the XAI320K community 🇿🇦💎

  • @beniferra5736
    @beniferra5736 День тому +2

    Majority wants usdc. Full stop.

  • @Web3WondersUS
    @Web3WondersUS День тому

    6:02 Want USDC freezing claw back mechanisms is the question.

  • @joselenisolidum3158
    @joselenisolidum3158 День тому +1

    Circle top execs dislike Hoskinson. That's why they do not deal with him, nor even respond to his invites. USDC is now priced 8-digits because Circle is using this very exorbitant price to shun Hoskinson. That's the painful truth.

  • @ryanwdavies1
    @ryanwdavies1 День тому

    ❤❤ the CF should update the community too. Or is it true they are full time sol / XRP now? 😅

  • @johndussin5004
    @johndussin5004 День тому +1

    DCA ADA !

  • @daviddrew3372
    @daviddrew3372 День тому

    I’d much rather see a Cardano RLUSD , not because USDC is bad but because better options are possible.

  • @DeLaGhetto1986
    @DeLaGhetto1986 День тому

    What's about the stablecoin issuer Paxos?
    No one is talking about them!

  • @JEFFLucas-j4y
    @JEFFLucas-j4y День тому

    Your analysis of XAI105e was spot on! I’m ready for those 10x gains, especially with Elon Musk backing it!

  • @GoktekinPinar
    @GoktekinPinar День тому

    I see XAI320K moving right along side all the Alt's you mentioned! Plus I see all the Alt's plus XAI320K moving in lock step in the charts! My point is XAI320K is cheap! Retail likes buying cheap! Especially when that cheap item is on the verge of becoming expensive

  • @CHONGFoust
    @CHONGFoust День тому

    I love how you broke down XAI105e! Elon Musk’s vision makes it even more exciting!

  • @TheBrainless
    @TheBrainless День тому

    usdc is here to stay, and will bring unseen benefits to Cardono!

  • @stamatisx
    @stamatisx День тому

    The more options you have the better for the ecosystem. More stable coin alternatives prevent the monopoly of USDC. Also lack of high transactions volume makes USDC very pricey to implement when you could use that money to bootstrap a native stablecoin and provide liquidity. So yes to USDC but after you have some native USD backed stablecoins first or at least RLUSD.

  • @robertsilcocks3370
    @robertsilcocks3370 День тому

    I think if you focus on getting CNT's listed on major exchanges....the trading volume would attract the major stable coins..... Centralized exchanges not listing CNT's is 100% done to suppress the Cardano eco system....

  • @Iwnd0
    @Iwnd0 День тому +1

    USDC or T is the only way for me. Altho I want to prefer cardano stable..unless its available on Cex its meaningless..I live in real life not web 3..

  • @ElviraPoindexter-y1o
    @ElviraPoindexter-y1o День тому

    Just watched the Lex video on XAI105e, I think this will be the next big thing like Tesla!

  • @SuzanneReaves
    @SuzanneReaves День тому

    wasn't really familiar with XAI320K but now i am. Great explanation!

  • @atrociouscy
    @atrociouscy День тому +5

    we want to break away from the traditional financial markets but at the same time we are begging for a digital dollar by a private company, satoshi would be so proud of us

  • @jamesobleton6450
    @jamesobleton6450 День тому +1

    RLUSD is coming

  • @ilkerBirgul
    @ilkerBirgul День тому

    I currently own my XAI320K in UPHOLD. Can i transfer it to my XAI320K wallet?

  • @Timmi3000
    @Timmi3000 21 годину тому

    If USDC doesn't come to Cardano, then it's their loss. Let them watch from the sidelines when others like RLUSD take their spots

  • @KingsRight
    @KingsRight 20 годин тому

    Eventually, when they feel they've reached the peak of their growth with their existing networks, they will have no choice but to come to cardano if they wish to grow further, and they will do it for free.

  • @Notjoefresh
    @Notjoefresh День тому

    Seems a little arbitrary for one of the 3 founders to foot the bill for usdc and the point of governance is so the community votes on big decisions so it being voted on is a yes. With the risk of becoming less decentralized by having usdc it doesn’t seem necessary to me especially for 8 digits. Slow and steady as she goes

  • @meccanised
    @meccanised 8 годин тому

    CF is pretty ineffectual especially in the USA, maybe they have more sway in the EU, Suisse, Germany etc. Saying that though, I've think we have all seen CH views shift dramatically from political neutral to "I'm hanging with the cool crypto people in government" in the last 6 months.

  • @DrWolves
    @DrWolves День тому

    Sorry, I love Charles, but didn't he crack it when others took to X (Twitter) about publicising issues? Didn't he rant that X was not the space to talk or discuss these things? What's he doing...?

  • @clavo3352
    @clavo3352 День тому

    No way can I keep up with the complexity of what a Cardano is, but perhaps some corporation law might be helpful: maybe the participation of USDC can be capped or regulated so that a maximum influence of say 25% is all that can be acquired by such participation. In other words a progressive tax on whale-like behavior.

  • @wafaken
    @wafaken День тому +3

    I don't get why we cry about USDC, why not use the funds for USDM?

  • @Andrei.HEX1
    @Andrei.HEX1 День тому +2

    Bullish

  • @James-g2o8l
    @James-g2o8l День тому +3

    They just want to be able to reverse transactions

  • @UlkuEvrim
    @UlkuEvrim День тому

    The hype around XAI105e is real! Thanks for the insights, especially after Elon Musk’s podcast!

  • @tdt5927
    @tdt5927 День тому

    If USDC can freeze funds than NO THANKS

  • @sochowell3469
    @sochowell3469 День тому

    CF seems to be a net negative for $ADA development.

  • @chamamemestre
    @chamamemestre День тому

    What matters is Ripple.

  • @RILEYPrice-p7w
    @RILEYPrice-p7w День тому

    XRP and XAI515T will have a big part of the cake

  • @thanashs11
    @thanashs11 День тому

    Επιλεξτε αλλα νομισματα το ada οτι ειχε να δωσει το εδωσε η αγορα ειναι ολη μια φουσκα βγαλτε κερδη και βγειτε απο την αγορα

  • @johnbinstead8544
    @johnbinstead8544 20 годин тому

    Folks keep saying better oracle support, why then are the 2 Oracles we already have Charli3 and Orcfax keep getting ignored. Use the ones we have. We dont need chainlink. Plus we just need a stablecoin that gets listed on major exchanges USDM anyone?

  • @corvus400
    @corvus400 День тому

    We got USDM and Djed. All we need is liquidity from BTC via ZK bridge from IOHK! Imagine Circle first implementing USDC and then after a while retreat. That would be devastating for the ecosystem and will bring Cardano down.
    We need global adoption, we need BTC ZK defi etc, not VC chains taking over crypto. Logarithmic stable coin ftw!

  • @ismailVeysel-f3f
    @ismailVeysel-f3f День тому

    XAI320K represents the ethos of crypto! It is like Bitcoin but with better technology.

  • @ZelihaOzgur-w4t
    @ZelihaOzgur-w4t День тому

    XAI515T will be massive

  • @mikefiatx19
    @mikefiatx19 День тому +2

    As an ADA holder, I don't care about USDC because they are pay to play. At any time they could just pull out of Cardano like they have done to other blockchains.

  • @EloisaNeil
    @EloisaNeil День тому

    Just watched your analysis of XAI105e, and I’m feeling bullish! Elon Musk’s podcast was a great addition!

  • @AhmetEmel-v7x
    @AhmetEmel-v7x День тому

    Just invested in XAI105e after hearing Elon Musk discuss it! Excited for the future!

  • @NICKYSpearman
    @NICKYSpearman День тому

    The XAI515T pump is around the corner.

  • @greger589
    @greger589 День тому +1

    👍

    • @DappCentral
      @DappCentral  День тому

      Its been a while Bengt! Welcome in and thanks!

    • @greger589
      @greger589 18 годин тому +1

      Hi, I don't get notifications anymore when you post 😕

    • @DappCentral
      @DappCentral  17 годин тому

      @greger589 hey they are still on in UA-cam for me. Please disable and reenable them. That should do the trick.

  • @MelikeBurcu
    @MelikeBurcu День тому

    That’s right! Diamond hands! XAI320K is the next Bitcoin!

  • @elnarizonloco
    @elnarizonloco День тому

    Cardano Is just waiting for a regulated stable coin #RLUSD.......

  • @GALEPalma-k9y
    @GALEPalma-k9y День тому

    OMG XAI320K!!

  • @mickatlas3272
    @mickatlas3272 День тому

    I would rather use USDT instead USDC & only use USDC as last resort but what is stopping a project from Cardano introducing a fully backed Stablecoin like USDC we already have our own Stablecoin but keep Circle out of Cardano pls

  • @SeldaBireylul
    @SeldaBireylul День тому

    The future looks bright for XAI105e! Appreciate your guidance and Elon Musk’s vision!

  • @ZackLee
    @ZackLee День тому +1

    usdc is a trojan horse
    PLEASE learn from what happened to polkadot!!

  • @TrinidadCarreno-f5i
    @TrinidadCarreno-f5i День тому

    Time to load up on XAI320K, XRP, CARDANO AND VECHAIN!!! 🚀🚀🚀🚀🚀🚀

  • @forkueddie7046
    @forkueddie7046 День тому

    I'm beginning to think you don't like Cardano more fud videos.?

  • @NurOmer-u4c
    @NurOmer-u4c День тому

    After watching your video I bought 200 XAI320K coins. Thanks for recommendation

  • @HARLANDMendes
    @HARLANDMendes День тому

    XAI515T😅😅😅😅😅

  • @Nihil_B
    @Nihil_B День тому +2

    Could you blink 900 more times? I don't think you blink enough.

  • @greganweiler557
    @greganweiler557 День тому

    Just get Elon Musk to start a stable coin on Cardano. 😮

  • @nathanchurch57
    @nathanchurch57 День тому +1

    We don’t need USDC the true player we need will be RLUSD