The Cardano Foundation has announced a comprehensive update to its application roadmap, focusing on enhancing stablecoin and DeFi ecosystems. The foundation plans to inject up to eight figures of ADA liquidity into the Cardano stablecoin project and support DeFi adoption through initiatives like the Stablecoin DeFi Liquidity Budget. Additionally, 220 million ADA tokens will be delegated to new DReps, and a Real World Asset (RWA) project exceeding $10 million will be launched.
Further, the foundation will allocate 2 million ADA tokens to the Venture Hub and expand promotional activities and application deployment. These strategic moves aim to strengthen Cardano's position in the blockchain space by fostering innovation and liquidity in its ecosystem.
Cardano Foundation Unveils New Roadmap to Boost Stablecoins and DeFi
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