Charles Hoskinson, founder of Cardano, addressed community backlash following a $6.05 million loss incurred by a user swapping 14.4 million ADA for USDA, a Cardano-based stablecoin. The loss was attributed to illiquid pools and slippage. In response to criticism for not launching a stablecoin, Hoskinson clarified that the responsibility lies with the Cardano Foundation, which has been allocated 600 million ADA for such initiatives. Hoskinson also revealed ongoing discussions with Ripple to introduce RLUSD to the Cardano network, highlighting the importance of strengthening the DeFi ecosystem. He emphasized that the development of stablecoins is crucial for Cardano's growth but reiterated that it is not his direct responsibility.