Hoskinson pushes for Chainlink, Aave and USD1 to rescue Cardano’s weak DeFi scene

Cardano founder Charles Hoskinson has outlined plans to pursue partnerships with major protocols, including Aave, Chainlink, and World Liberty Financial’s USD1 stablecoin.

In an Aug. 31 Ask Me Anything (AMA) session, Hoskinson argued that such integrations are crucial for strengthening Cardano’s ecosystem and ensuring the blockchain remains competitive in the industry.

He said:

“I’d like USD-1, I’d like Aave, I’d like Chainlink. There’s a bundle there, and we’re working our way through what that means and how to do it.”

Why these partnerships matter for Cardano

USD1 is the stablecoin project developed under World Liberty Financial, a DeFi initiative backed by US President Donald Trump.

Despite launching recently, the asset has risen to become the sixth-largest stablecoin by market capitalization and has already seen significant institutional adoption through deals involving Binance and Bullish exchange....

3.84K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.