Cardano ADA Poised for Growth as US Banks Enter Stablecoin Arena
In a significant development for the cryptocurrency market, major US banks including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup are reportedly in early discussions to launch a joint stablecoin initiative. This move comes amid growing Senate support for the GENIUS Act and aligns with the Trump administration’s pro-crypto policies. The potential entry of these traditional financial giants into the $243 billion stablecoin market could have far-reaching implications for the entire crypto ecosystem, including Cardano (ADA), which is currently trading at 0.77620000 USDT. As the lines between traditional finance and digital assets continue to blur, Cardano’s founder Charles Hoskinson appears to have been prescient in his bullish predictions about institutional adoption. This development could serve as a major catalyst for ADA’s price movement in the coming months, as increased institutional involvement typically brings greater liquidity and legitimacy to the crypto space. The timing is particularly interesting as it coincides with Cardano’s ongoing technological upgrades and ecosystem expansion, potentially positioning ADA for significant growth in this new era of bank-backed stablecoins.
Cardano Founder Calls It Early as US Banks Plot New Stablecoin Launch
Wall Street giants including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup are in preliminary discussions to launch a joint stablecoin initiative. This development follows the GENIUS Act’s growing Senate support and aligns with the TRUMP administration’s pro-crypto stance.
The $243 billion stablecoin market faces potential disruption as traditional financial institutions partner with payment networks like Zelle. While talks remain in early stages, the involvement of major banks signals accelerating institutional adoption of blockchain technology.
Cardano Voucher Controversy Reignites Debate Over Unclaimed ADA Funds
Cardano’s unresolved voucher redemption issue from its 2015-2017 Japanese presale has resurfaced as a contentious topic. Approximately 2.59 billion ADA remains unclaimed from Attain Corp-managed sales, with identity verification requirements complicating redemption.
The Daedalus wallet redemption mechanism failed to capture all presale participants’ funds. Market observers note this legacy issue could impact ADA’s circulating supply calculations if resolved abruptly.
Cardano (ADA) Nears Breakout as Analyst Predicts 164% Surge
Cardano’s ADA has surged 15% this week to $0.83, approaching a critical technical resistance level that could catalyze further gains. Analysts highlight a potential breakout from a year-long descending channel, with one target set at $2.19—representing a 164% upside from current prices.
Trading volume in ADA/JPY pairs hit $121.5 million daily as retail interest rebounds, evidenced by Google search volumes reaching 2021 highs. The probability of a Cardano ETF approval has increased 45% year-to-date, according to derivatives market pricing.
The current price action mirrors October 2024’s breakout pattern, when ADA rallied over 200% in subsequent months. Market technicians note sustained closes above $0.85 WOULD confirm the bullish reversal.
Cardano Price Prediction: ADA Set for Major Boost as $2.91 Target Gains Momentum
Cardano is reclaiming attention as market participants pivot toward chains with robust security postures. Recent exploits on competing blockchains have underscored ADA’s clean track record, with on-chain analysts highlighting its zero major vulnerabilities since 2017.
Trading volumes and technical patterns suggest building momentum. Short-term charts mirror long-term bullish formations, creating rare alignment across timeframes. The $2.91 price target now appears increasingly plausible as institutional interest grows.
