The post Cardano’s Upcoming Hard Fork & Anzens Stablecoin | ADA Price Decline appeared on BitcoinEthereumNews.com.

Cardano gears up for the upcoming Chang hard fork to launch the Voltaire era, while also introducing the stablecoin Anzens (USDA) for DeFi development. Despite these advancements, ADA’s price experiences a decline, reflecting challenges in the market. Additionally, Pawfury (PAW) emerges as an innovative meme coin blending community-driven initiatives with DeFi services, showcasing the diverse possibilities in the crypto space. Upcoming Cardano (ADA) Hard Fork and Launch of Stablecoin Anzens Cardano, a prominent crypto project, is advancing with significant developments despite the ongoing market challenges faced by its native cryptocurrency, ADA. Cardano Hard Fork The Cardano Node 9.0.0 code, essential for the Conway ledger era, has been released on GitHub. This is a crucial step towards the Chang hard fork. According to Charles Hoskinson, Cardano’s founder, the network requires 70% of the nodes to vote for the update. This milestone is expected in the coming days. The Chang hard fork will initiate the Voltaire era, with a focus on decentralized governance. Cardano Improvement Proposal 1694 (CIP 1694) outlines the introduction of Delegate Representatives (DReps), who will draft a Constitution to govern the network. This shift emphasizes Cardano’s transformation into a decentralized political ecosystem rather than just a cryptocurrency platform. Stablecoin Anzens (USDA) Launch EMURGO, the founding entity of Cardano, announced the launch of the stablecoin Anzens (USDA). USDA will be fully collateralized in USD and managed by Encryptus, a European VASP licensee in Lithuania, and will be available in over 80 countries. The introduction of USDA aims to bolster the development of DeFi dApps within the Cardano ecosystem. ADA Price Trends Despite these advancements, the price of ADA has declined, falling 10% in the past week, 15% in the last month, and 40% since the start of the year. After peaking at over $3 in 2021, ADA has faced a…

---

Filed under: News - @ July 13, 2024 7:08 pm