Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3061 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The <a href="https://u.today/ethereums-eth-chronic-congestion-caused-by-worldwide-adoption-weiss-ratings">Weiss Ratings</a> agency that analyses financial products in global markets (including crypto) has tweeted that Cardano’s founder Charles Hoskinson intends to create a stablecoin on Cardano using a mechanism similar to that of DAI. ADA would be the basis for it.
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<a rel="nofollow" target="_blank" href="https://twitter.com/WeissCrypto/status/1227349109167869952">The agency points out</a> that the pattern DAI follows seems to be the best model since it does not have a central point of failure, unlike its rivals USDT or USDC.
<blockquote>
“We hear that @IOHK_Charles wants to build a version of DAI on Cardano. So far, #DAI is the only trustless #stablecoin in #crypto world, but there should be more. Stablecoins like DAI have no central point of failure, which is a BIG advantage over the likes of #USDT or #USDC.”
</blockquote>
Charles Hoskinson responded to the tweet, saying that if Cardano does that, it will blow everyone’s mind. He added that he has been considering building a stablecoin for seven years already.
<blockquote class="twitter-tweet">
If we do this, then it will blow everyone out of the water. I started in this space with stablecoins and we've been thinking about them for seven years <a rel="nofollow" target="_blank" href="https://t.co/t4FGxW7cLk">https://t.co/t4FGxW7cLk</a>
— Charles Hoskinson (@IOHK_Charles) <a rel="nofollow" target="_blank" href="https://twitter.com/IOHK_Charles/status/1227357536459874306?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote>
<a rel="nofollow" target="_blank" href="#">card</a>
Replying to a question from The Cardano Report on how a Cardano-based (and DAI-patterned) stablecoin would benefit ADA users, Hoskinson said that this would increase demand for <a href="https://u.today/heres-what-trading-legend-peter-brandt-has-to-say-about-cardano-ada">ADA</a> since it would become collateral for the stablecoin.
<blockquote class="twitter-tweet">
If the coin uses Ada as part of its Central Bank mechanism, it creates demand for the underlying asset.
— Charles Hoskinson (@IOHK_Charles) <a rel="nofollow" target="_blank" href="https://twitter.com/IOHK_Charles/status/1227392701684953090?ref_src=twsrc%5Etfw">February 12, 2020</a></blockquote>
Overall, Weiss Ratings considers ADA to be one of the most undervalued coins and believes it is superior to EOS. Last year, the agency <a href="https://u.today/eos-downgraded-by-weiss-crypto-ratings-again-heres-why">downgraded the tech score of EOS</a> several times for a lack of decentralization.
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Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
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Advertisement
<a rel="nofollow" target="_blank" href="https://twitter.com/WeissCrypto/status/1227349109167869952">The agency points out</a> that the pattern DAI follows seems to be the best model since it does not have a central point of failure, unlike its rivals USDT or USDC.
<blockquote>
“We hear that @IOHK_Charles wants to build a version of DAI on Cardano. So far, #DAI is the only trustless #stablecoin in #crypto world, but there should be more. Stablecoins like DAI have no central point of failure, which is a BIG advantage over the likes of #USDT or #USDC.”
</blockquote>
Charles Hoskinson responded to the tweet, saying that if Cardano does that, it will blow everyone’s mind. He added that he has been considering building a stablecoin for seven years already.
<blockquote class="twitter-tweet">
If we do this, then it will blow everyone out of the water. I started in this space with stablecoins and we've been thinking about them for seven years <a rel="nofollow" target="_blank" href="https://t.co/t4FGxW7cLk">https://t.co/t4FGxW7cLk</a>
— Charles Hoskinson (@IOHK_Charles) <a rel="nofollow" target="_blank" href="https://twitter.com/IOHK_Charles/status/1227357536459874306?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote>
<a rel="nofollow" target="_blank" href="#">card</a>
Replying to a question from The Cardano Report on how a Cardano-based (and DAI-patterned) stablecoin would benefit ADA users, Hoskinson said that this would increase demand for <a href="https://u.today/heres-what-trading-legend-peter-brandt-has-to-say-about-cardano-ada">ADA</a> since it would become collateral for the stablecoin.
<blockquote class="twitter-tweet">
If the coin uses Ada as part of its Central Bank mechanism, it creates demand for the underlying asset.
— Charles Hoskinson (@IOHK_Charles) <a rel="nofollow" target="_blank" href="https://twitter.com/IOHK_Charles/status/1227392701684953090?ref_src=twsrc%5Etfw">February 12, 2020</a></blockquote>
Overall, Weiss Ratings considers ADA to be one of the most undervalued coins and believes it is superior to EOS. Last year, the agency <a href="https://u.today/eos-downgraded-by-weiss-crypto-ratings-again-heres-why">downgraded the tech score of EOS</a> several times for a lack of decentralization.
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__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)