Cardano founder Charles Hoskinson recently take to social media network

Hoskinson explained that IOG is not obligated to use its own profits to fund this ecosystem initiative.

Meanwhile, the Cardano Foundation, a Swiss-based blockchain organization, was specifically awarded ADA tokens in the form of a donation. "They have a mandate to spend it on the ecosystem. That's the difference," he said.

Earlier today, Hoskinson explained that CF had the opportunity to merge Circle's USDC for a total of $3 million when its total assets were $2 billion. However, this deal was rejected.

Cardano's founder accused a former CF employee of trying to "rewrite history" with a recent post about Cardano's apparent failure to integrate stablecoins.

Major stablecoin issuers such as Circle and Tether are allegedly reluctant to add support for Cardano due to concerns about the lack of successful decentralized implementations and insufficient transaction volume.

The USDC stablecoin is currently available on a total of 16 blockchain networks, leading to Arbitrum, Polkadot, Stellar, and Hedera.