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Charles Hoskinson, co-founder of Cardano, has publicly refuted claims that the Hydra layer-2 scaling project has been abandoned, dismissing them as pure FUD. Addressing the crypto community via social media, Hoskinson emphasized that the Hydra development team is highly productive and motivated, with great community engagement and new papers on the way for protocol enhancements. Additionally, Cardano has announced the launch of its first 1:1 fiat-backed stablecoin, USDM, marking a significant development for the Layer-1 blockchain.
CARDANO CO-FOUNDER DENIES RUMORS OF ABANDONING THE HYDRA LAYER-2 PROJECT - @Cardano co-founder Charles Hoskinson has stepped forward to dispel rumors that the Hydra layer-2 scaling project may have been abandoned. - Addressing concerns raised by recent speculation, Hoskinson… https://t.co/Nt0gDCh5Zd https://t.co/b2v6v73k8q
UPDATE: CARDANO CO-FOUNDER CHARLES HOSKINSON DISPELS RUMORS OF ABANDONING THE HYDRA LAYER-2 PROJECT
UPDATE: LAYER-1 BLOCKCHAIN #CARDANO LAUNCHES ITS FIRST 1:1 FIAT-BACKED STABLECOIN, USDM
