The issue of stablecoin integration has long been a point of contention within Cardano (ADA) community. Despite the growing influence of USDC and USDT on other blockchains, Cardano has yet to secure major partnerships with these stablecoins.

For many Ada Enthusiasts, the absence of USDC by Circle and USDT by Tether casts doubt on the potential of blockchain and its ability to attract investment. This lingering frustration has recently resurfaced, thanks to a post she wrote Cardano Contributor Mateusz Czeladka, which reignited the controversy.

Chiladka expressed concerns about the Cardano Foundation’s reluctance to engage with prominent stablecoin issuers. He noted that the foundation's leadership, especially Charles Hoskinson, failed to prioritize these opportunities, even when the community made its demands clear.

USDC to ADA: Failed

HoskinsonHowever, she responded directly to these claims and offered a different perspective. He explained that the Cardano Foundation had the opportunity to integrate USDC as far back as 2021, for just $3 million – when Circle’s holdings were worth nearly $2 billion.

According to Hoskinson, the foundation rejected the deal at the time, an action that some community members have now downplayed. He expressed his disappointment at what he considered an attempt to rewrite history, holding others responsible for what he considered a missed opportunity.

On the other hand, according to Czeladka, the institution’s unwillingness to act, combined with internal power dynamics, has hindered Cardano’s growth potential, especially compared to other blockchains that have embraced USDC and USDT.

The contributor alluded to a perceived lack of political will and criticized the foundation's spending priorities, claiming it could have secured major deals if leadership had been willing to commit sufficient resources.