The post What It Signals for ADA’s Future appeared on BitcoinEthereumNews.com. Blockchain Washington has kicked off a bold initiative to deliver official economic statistics through blockchain networks – but not everyone made the cut. While chains such as Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum, Polygon, and Optimism are now carrying U.S. macroeconomic data, Cardano was noticeably missing from the roster. The Department of Commerce is relying on oracle providers Chainlink and Pyth to push data across multiple ecosystems. The goal: make economic reports more transparent, tamper-proof, and instantly accessible to developers and investors worldwide. Hoskinson Points Finger at Chainlink Charles Hoskinson, who founded Cardano, addressed the exclusion in a recent community Q&A. Rather than blaming regulators, he said the problem lay with Chainlink, the oracle company tasked with integration. According to Hoskinson, Chainlink quoted an “outrageously high” price for adding Cardano to the program, effectively shutting it out. Although critical of the cost, Hoskinson acknowledged Chainlink co-founder Sergey Nazarov’s strategic vision, saying he “knows exactly what he’s sitting on.” Hoskinson insisted Cardano would find another path forward, describing the setback as temporary. Frustration Inside the ADA Community For many in the Cardano ecosystem, the snub was particularly disappointing given the network’s track record of five years without downtime. Supporters argue this level of reliability should make it a natural candidate for government-grade integrations. Critics, however, counter that Cardano has consistently lagged rivals in real-world adoption, leaving it vulnerable to being sidelined in high-profile projects. Looking Ahead: Partnerships in the Works Despite this setback, Hoskinson hinted at active talks with major players in decentralized finance. Negotiations with Aave are ongoing, and there are efforts to bring the USD1 stablecoin to Cardano. Currently active on Ethereum, BNB Chain, and Tron, USD1 has quickly grown in market share — and a Cardano deployment could provide the network with a significant boost in utility.… The post What It Signals for ADA’s Future appeared on BitcoinEthereumNews.com. Blockchain Washington has kicked off a bold initiative to deliver official economic statistics through blockchain networks – but not everyone made the cut. While chains such as Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum, Polygon, and Optimism are now carrying U.S. macroeconomic data, Cardano was noticeably missing from the roster. The Department of Commerce is relying on oracle providers Chainlink and Pyth to push data across multiple ecosystems. The goal: make economic reports more transparent, tamper-proof, and instantly accessible to developers and investors worldwide. Hoskinson Points Finger at Chainlink Charles Hoskinson, who founded Cardano, addressed the exclusion in a recent community Q&A. Rather than blaming regulators, he said the problem lay with Chainlink, the oracle company tasked with integration. According to Hoskinson, Chainlink quoted an “outrageously high” price for adding Cardano to the program, effectively shutting it out. Although critical of the cost, Hoskinson acknowledged Chainlink co-founder Sergey Nazarov’s strategic vision, saying he “knows exactly what he’s sitting on.” Hoskinson insisted Cardano would find another path forward, describing the setback as temporary. Frustration Inside the ADA Community For many in the Cardano ecosystem, the snub was particularly disappointing given the network’s track record of five years without downtime. Supporters argue this level of reliability should make it a natural candidate for government-grade integrations. Critics, however, counter that Cardano has consistently lagged rivals in real-world adoption, leaving it vulnerable to being sidelined in high-profile projects. Looking Ahead: Partnerships in the Works Despite this setback, Hoskinson hinted at active talks with major players in decentralized finance. Negotiations with Aave are ongoing, and there are efforts to bring the USD1 stablecoin to Cardano. Currently active on Ethereum, BNB Chain, and Tron, USD1 has quickly grown in market share — and a Cardano deployment could provide the network with a significant boost in utility.…

What It Signals for ADA’s Future

Blockchain

Washington has kicked off a bold initiative to deliver official economic statistics through blockchain networks – but not everyone made the cut.

While chains such as Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum, Polygon, and Optimism are now carrying U.S. macroeconomic data, Cardano was noticeably missing from the roster.

The Department of Commerce is relying on oracle providers Chainlink and Pyth to push data across multiple ecosystems. The goal: make economic reports more transparent, tamper-proof, and instantly accessible to developers and investors worldwide.

Charles Hoskinson, who founded Cardano, addressed the exclusion in a recent community Q&A. Rather than blaming regulators, he said the problem lay with Chainlink, the oracle company tasked with integration. According to Hoskinson, Chainlink quoted an “outrageously high” price for adding Cardano to the program, effectively shutting it out.

Although critical of the cost, Hoskinson acknowledged Chainlink co-founder Sergey Nazarov’s strategic vision, saying he “knows exactly what he’s sitting on.” Hoskinson insisted Cardano would find another path forward, describing the setback as temporary.

Frustration Inside the ADA Community

For many in the Cardano ecosystem, the snub was particularly disappointing given the network’s track record of five years without downtime. Supporters argue this level of reliability should make it a natural candidate for government-grade integrations. Critics, however, counter that Cardano has consistently lagged rivals in real-world adoption, leaving it vulnerable to being sidelined in high-profile projects.

Looking Ahead: Partnerships in the Works

Despite this setback, Hoskinson hinted at active talks with major players in decentralized finance. Negotiations with Aave are ongoing, and there are efforts to bring the USD1 stablecoin to Cardano. Currently active on Ethereum, BNB Chain, and Tron, USD1 has quickly grown in market share — and a Cardano deployment could provide the network with a significant boost in utility.

The U.S. government’s embrace of blockchain for distributing economic data underscores the growing legitimacy of the technology. But for Cardano, being left off the initial list highlights the network’s ongoing struggle to turn strong fundamentals into mainstream adoption.


The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.



Next article

Source: https://coindoo.com/cardano-excluded-from-u-s-blockchain-data-program-what-it-signals-for-adas-future/

Market Opportunity
Quack AI Logo
Quack AI Price(Q)
$0.017665
$0.017665$0.017665
-0.80%
USD
Quack AI (Q) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

De Britse financiële waakhond, de FCA, komt in 2026 met nieuwe regels speciaal voor crypto bedrijven. Wat direct opvalt: de toezichthouder laat enkele klassieke financiële verplichtingen los om beter aan te sluiten op de snelle en grillige wereld van digitale activa. Tegelijkertijd wordt er extra nadruk gelegd op digitale beveiliging,... Het bericht FCA komt in 2026 met aangepaste cryptoregels voor Britse markt verscheen het eerst op Blockchain Stories.
Share
Coinstats2025/09/18 00:33
‘Groundbreaking’: Barry Silbert Reacts to Approval of ETF with XRP Exposure

‘Groundbreaking’: Barry Silbert Reacts to Approval of ETF with XRP Exposure

The post ‘Groundbreaking’: Barry Silbert Reacts to Approval of ETF with XRP Exposure appeared on BitcoinEthereumNews.com. A “combo” ETF  Crypto ETF trailblazer  Digital Currency Group founder Barry Silbert has reacted to the approval of the Grayscale Digital Large Cap Fund  (GDLC), the very first multi-crypto exchange-traded fund (ETF), describing it as “groundbreaking.”  “Grayscale continues to be the first mover, driving new product innovations that bridge tradfi and digital assets,” Silbert said while commenting on the news.  Peter Mintzberg, chief executive officer at Graysacle, claims that the team behind the world’s leading cryptocurrency asset manager is working “expeditiously” in order to bring the product to the market.  A “combo” ETF  The ETF in question offers exposure to Bitcoin (BTC), Ethereum (ETH), as well as several other major altcoins, including the Ripple-linked XRP token, Solana (SOL), and Cardano (ADA). XRP, for instance, has a 5.2% share of the fund, making it the third-largest constituent.  The fund initially debuted as a private placement for accredited investors back in early 2018, and its shares later became available on over-the-counter (OTC) markets.  In early July, the SEC approved the conversion of GDLC into an ETF, but it was then abruptly halted for a “review” shortly after this.  As of Sept. 17, the fund currently has a total of $915.6 million in assets.  Crypto ETF trailblazer  It is worth noting that Grayscale is usually credited with kickstarting the cryptocurrency ETF craze by winning its court case against the SEC.  The SEC ended up approving Bitcoin ETFs in early 2024 and then followed up with Ethereum ETFs.  Grayscale’s flagship GBTC currently boasts more than $20.5 billion in net assets, according to data provided by SoSoValue.  Source: https://u.today/groundbreaking-barry-silbert-reacts-to-approval-of-etf-with-xrp-exposure
Share
BitcoinEthereumNews2025/09/19 03:39
Signal No. 1 up in more than a dozen areas amid Tropical Storm Ada

Signal No. 1 up in more than a dozen areas amid Tropical Storm Ada

Storm Signal No. 1 has been raised in more than a dozen areas due to Tropical Storm Nokaen, locally named Ada, according to the Philippine Atmospheric, Geophysical
Share
Bworldonline2026/01/16 14:05