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Home » Cardano stablecoin project gambled away investors’ money before rug: Report – Cointelegraph

Cardano stablecoin project gambled away investors’ money before rug: Report – Cointelegraph

Cardano stablecoin project gambled away investors’ money before rug: Report – Cointelegraph

Ardana claimed to be creating a stablecoin platform on Cardano, but new evidence suggests it may have lost investors’ money in bad crypto trades. 22678 Total views 93 Total shares Listen to article Investigation Join us on social networksIn 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in November 2022, citing “funding and project timeline uncertainty.” Some… 

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