Logo
Cardano Ecosystem

Tron Weekly

03/20/2024

·

138 views


Cardano Tops Developer Charts: Launch USDM Stablecoin

You are here: Home / News / Altcoin News / Cardano Tops Developer Charts: Launch USDM Stablecoin Cardano, a leading blockchain platform, has notched up the top spot in developer activity, boasting the highest...

Cardano Tops Developer Charts: Launch USDM Stablecoin

You are here: Home / News / Altcoin News / Cardano Tops Developer Charts: Launch USDM Stablecoin

Cardano

Cardano, a leading blockchain platform, has notched up the top spot in developer activity, boasting the highest number of weekly commits amongst the top L1s. Often, a surge in developer activity indicates the network’s ability to deliver all the tools and opportunities. This feat underscores Cardano’s commitment to innovation and progress within the crypto realm.

Adding to its list of accomplishments, Cardano recently launched a new USDM stablecoin with plans to go live by April. The move signals the blockchain’s expansion into the stablecoin market, providing users with a reliable and stable digital asset pegged to USD.

Being one of the first blockchains built in the highly secure Haskell programming language, Cardano is developing a smart contract platform that seeks to deliver more advanced features than any protocol previously developed. However, amidst its achievements, experts caution against focusing heavily on transactions per second [TPS]. While higher TPS are commendable, they often come with compromises and trade-offs affecting the functionality and security of the blockchain.

In terms of decentralization, Cardano comes at the top of the list compiled by EDI, emphasizing its commitment to an inclusive and distributed ecosystem. As it prepares to scale, it holds the potential to outmatch other blockchains.

Cardano’s Three-Week Red Streak

Pricewise, Cardano has been red for three weeks, and experts are optimistic about a trend reversal. Such short-term corrections offer opportunities for profit-taking, new entries, and favorable prices for investors.

Cardano

In the latest update, Cardano has joined the ranks of the top 100 blockchains with liquid staking. The Switzerland-based protocol Liqwid Finance, in partnership with Swiss AG, is launching CASL, an innovative ETP in the world of staking digital assets. As per the press release, CASL not only tracks the performance of ADA but also distributes interest earned from staking, providing investors with a unique opportunity for double returns and lower management fees.

Until now, most of the financial instruments available to investors in the crypto universe gave them access to developments in the underlying assets (Bitcoin, Ethereum, ADA, etc.). We’re going one step further, by putting ADA’s outstanding assets to work and redistributing the interest to investors.” Investors benefit from a double return on their investment, as well as lower management fees (1.5%) than the average of competing products.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Tron Weekly

ORIGINAL SOURCE

https://www.tronweekly.com/cardano-devel...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Argentina Digital Nation 2024

More from Tron Weekly

See more
Cardano's Descent: An Alarming Trend, Lowest In 2024
Tron Weekly
Cardano's Descent: An Alarming Trend, Lowest In 2024

last Wednesday at 5:04 AM

·

50 views

Related News

See more
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)