4 months ago 2 min read

In Just One Week, Cardano Native Tokens Rose by 239K.


The Growth of Cardano's Native Tokens has been Remarkable.

Over 7.1 million native assets have been created on the Cardano blockchain. The development team for Cardano, Input Output Global (IOG), has revealed data showing that 7.11 million native assets have been created on the well-known blockchain.

There are currently 7,139,450 native assets on the Cardano network, according to data from pool.pm. A week after the IOG disclosed 6.9M native assets have been created on Cardano, the achievement is noteworthy. Therefore, 239.45K assets were created on Cardano in one week.

The Prognosis of Hoskinson was Accurate

It's important to remember that Charles Hoskinson foresaw the enormous expansion of Cardano's native assets. In a tweet from 2020, Hoskinson predicted that by 2021, Cardano would power thousands of decentralized applications and hundreds of assets. He declared in 2020:

“This time next year, I predict that there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects, and lots of unique utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is ready to innovate,”

It's interesting to note that Cardano outperformed Hoskinson's forecast for the availability of native assets on the network. The well-known bitcoin entrepreneur attacked a critic on Twitter for mocking him for breaking his commitments. Hoskinson said:

“Cardano has 6 million native assets issued, 3.6 million wallets, over 100 decentralized applications launched, and more than a thousand [are still] building. So yeah, it came true,”

First Regulatory Compliant Stablecoin on Cardano to be Released by EMURGO

The first regulatory-compliant stablecoin backed by USD will be launched on the blockchain under the name USDA, according to EMURGO, the commercial branch of Cardano, which made the announcement last month. The stablecoin will be introduced by EMURGO in the first quarter of next year, according to the release.

According to the statement, the stablecoin will combine the stability of the dollar with the scalability of Cardano.

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