Cardano ADA: Charles Hoskinson Endorses USDM as ’Most Advanced’ Stablecoin

In a significant development for the Cardano ecosystem, founder Charles Hoskinson has endorsed Moneta's USDM stablecoin, labeling it as the 'most technologically sophisticated' digital dollar alternative in the market. This endorsement comes at a time when the stablecoin sector is witnessing intense competition, with blockchain-native projects like USDM challenging traditional finance offerings. The announcement followed a developer workshop in Buenos Aires, where key technical advancements of USDM were showcased. Hoskinson's backing could potentially drive further adoption of USDM within the Cardano network, reinforcing ADA's position in the evolving cryptocurrency landscape. As of August 2025, this development highlights Cardano's ongoing efforts to innovate and integrate cutting-edge financial solutions, solidifying its reputation as a leader in blockchain technology.

Cardano Founder Charles Hoskinson Endorses USDM Stablecoin as 'Most Advanced' in Market

Cardano founder Charles Hoskinson has publicly championed Moneta's USDM stablecoin, declaring it the most technologically sophisticated digital dollar alternative. The endorsement comes amid intensifying competition in the stablecoin sector, where blockchain-native projects increasingly challenge traditional finance offerings.

Hoskinson's praise followed a Buenos Aires workshop where developers revealed progress on a privacy-focused stablecoin variant. Community reactions suggest the project could represent a generational leap in functionality, with one observer comparing the innovation to "jumping from checkers to 4D chess" in complexity.

Moneta's USDM distinguishes itself through enterprise-grade architecture featuring privacy controls and permissioned visibility - capabilities that W3i CTO Andrew Westberg claims surpass existing solutions like USDC. The development signals growing sophistication in blockchain-based monetary instruments as they evolve beyond simple fiat replicas.

Cardano Bulls Charge as ADA Nears Key Breakout Level

Cardano's ADA gained nearly 3% on Thursday, testing the $0.80 resistance level as derivative traders increased bullish bets. The long-to-short ratio climbed to 1.0421 - its highest since July 9 - with 51% of positions anticipating further gains.

Over $8.5 million in short positions face liquidation risks NEAR current price levels. Technical charts show ADA consolidating within a falling wedge pattern, a typically bullish formation that often precedes upward breakouts.

Market sentiment appears to be shifting as the altcoin regains momentum. The concentration of vulnerable short positions could create additional upward pressure if ADA sustains its MOVE above $0.797.

Crypto Whales Accumulate Cardano (ADA) Amid Market Pullback

Crypto whales are positioning themselves for potential August gains, with Cardano (ADA) emerging as a standout choice. On-chain data reveals significant accumulation by large holders, who have added 270 million ADA tokens worth over $210 million since July 24. This buying activity comes as ADA retraces from its July 21 peak of $0.93 to current levels around $0.77.

The sustained whale demand suggests confidence in ADA's long-term prospects despite the recent correction. Market observers note that continued accumulation could stabilize prices and potentially trigger a bullish reversal toward $0.84. However, waning whale interest might see ADA test support at $0.76.

Layer-1 tokens like ADA remain focal points for institutional capital rotation during market pullbacks. The current accumulation pattern mirrors previous cycles where whale activity preceded significant price movements.

Cardano (ADA) Price Predictions Signal Potential Breakout Amid Bullish Sentiment

Cardano's ADA has dipped 5% to $0.77 in recent weeks, yet analysts remain bullish on its long-term trajectory. Technical patterns, including a 'monstrous cup and handle' formation, suggest a potential rally toward $3—and possibly beyond its all-time high of $4.

On-chain data reveals strengthening holder conviction, with ADA increasingly moving from exchanges to self-custody wallets. Grayscale's proposed spot ETF, pending SEC approval, could further catalyze institutional inflows. 'The epic bull run hasn’t started for Cardano,' asserts Hardy, a prominent crypto commentator with 70K followers.

Market observers like X Finance Bull label ADA a 'sleeper gain,' emphasizing its undervaluation relative to projected upside. The convergence of technical indicators and accumulation behavior paints a narrative of latent momentum—one that may soon test key resistance levels.