Cardano’s Charles Hoskinson Criticizes Wyoming’s Stablecoin for Transparency and Fairness Issues

Cardano founder Charles Hoskinson has expressed criticism towards Wyoming’s state-backed stablecoin initiative, highlighting transparency concerns, especially due to undisclosed ’freeze-and-seize’ capabilities. He argues that the exclusion of Cardano and other blockchain platforms was unfair, questioning the viability and competitiveness of Wyoming’s stablecoin against established entities like Tether and Circle, given the state’s resource constraints. Hoskinson is alarmed by potential economic and privacy issues, and advocates for a more transparent procurement process that could have leveled the playing field and potentially benefited Cardano. In response to these issues, Hoskinson aims to establish the Wyoming Integrity PAC to promote transparency and fairness in government processes, emphasizing ethical innovation and open decision-making.