<ul><li>Charles Hoskinson clarified that ADA managed by IOG is private profit, while the Cardano Foundation holds responsibility for funding ecosystem initiatives.</li><li>Hoskinson mentioned that IOG's ADA was earned as profit from building Cardano since its founding in 2015.</li><li>The Cardano Foundation previously declined a $3 million opportunity to integrate USDC despite managing assets worth $2 billion at the time.</li><li>Stablecoin providers hesitate to support Cardano due to its limited decentralized applications and transaction volume.</li></ul>

Cardano Founder Declares ADA Is Not ‘People’s Money’

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