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Hoskinson Unveils Next Step Over Cardano And XRP Omission In Wyoming
- Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission’s recent blockchain network selections for the state’s upcoming stablecoin, the Wyoming Stable Token (WST).
- The selected blockchain networks for the initial deployment are: Solana, Avalanche, Stellar and Ethereum, inclusive of Layer 2 networks like Polygon, Arbitrum, Base, and Optimism.
- Cardano, with a market cap of $34 billion and a trading volume of $3.2 billion, was also excluded. Other notable exclusions include Algorand, Tezos, and Aptos.
- Hoskinson expressed bewilderment over the exclusion of prominent blockchain networks such as the XRP Ledger and Cardano from the selection.
- Hoskinson suggested that the selection process may have been influenced by former affiliations of key individuals within the commission.
- He argued that the process lacked transparency and did not provide an opportunity for excluded networks to demonstrate their capabilities.
- Hoskinson called upon the XRP community to join in addressing the issue. “XRP community, you know what to do, and we do too,” he urged.
- He emphasized the need for fair and transparent processes in government-led cryptocurrency initiatives.
- At press time, ADA traded at $0.9785.
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