Cardano Founder Says Big Crypto Prediction Comes True

Ah, dear reader! Gather ’round as we delve into the curious world of cryptocurrencies, where fortunes are made and lost faster than a sneeze in a crowded theater! Our protagonist, Charles Hoskinson, the illustrious founder of IOG—yes, the very company that birthed the Cardano blockchain—has graced us with a proclamation that could shake the very foundations of the crypto cosmos! 🌌

In a moment that could only be described as a delightful twist of fate, Hoskinson has taken to the digital ether to comment on the latest whispers wafting through the halls of finance. It appears that the grandest of American banks are now peering into the shimmering abyss of cryptocurrency, contemplating the audacious idea of banding together to unleash their very own stablecoin! Oh, the irony! 💰

Top US banks look into launching own stablecoin

According to the esteemed Wall Street Journal—where news travels faster than a rumor in a village—the largest banks in the land have suddenly developed a taste for crypto. They are now exploring the possibility of joining forces to create a stablecoin, a move that seems to be a desperate attempt to shield themselves from the fierce competition posed by the ever-growing cryptocurrency industry. Who knew that banks could be so… innovative? 😏

Sources, those ever-elusive creatures, have revealed that the likes of JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup are all in the mix, along with a few other players who are probably just as confused as the rest of us. The P2P payment system Zelle and the real-time payment network Clearing House have also decided to join this merry band of crypto adventurers.

But hold your horses! These discussions are still in their infancy, akin to a baby bird learning to fly. The banks are merely scratching the surface, pondering the very basics of this future stablecoin. And with a stablecoin regulatory bill recently passing a major hurdle in the US Congress, the air is thick with speculation about the potential growth of the stablecoin market. All this under the watchful eye of our pro-crypto president, Trump! What a time to be alive! 🎉

Meanwhile, Meta, in a fit of déjà vu, is considering adopting stablecoins for payments after their previous attempt to launch the LIBRA product flopped harder than a fish out of water. And let’s not forget the big players in the crypto arena—just last December, Ripple‘s colossal entity launched its own dollar-pegged stablecoin, RLUSD, aiming to become the gold standard for enterprise-grade stablecoins. Because why not? 🥇

“As predicted,” Hoskinson says

In a moment of sheer brilliance, our dear Charles Hoskinson reacted to this news with the kind of nonchalance that only a true visionary can muster. On his X handle, he simply stated: “As predicted.” Oh, the audacity! 😄

As expected, the crypto enthusiasts erupted in a flurry of comments, their excitement palpable as they envisioned the day when US banking giants would unleash their own stablecoin, potentially sending USDT and USDC into a tailspin. One particularly witty crypto aficionado quipped, “Rip circle and tether we hardly knew ye.” Oh, the drama! 🎭

As it stands, the stablecoin market is valued at a staggering $243 billion, with Tether holding a hefty $152 billion share. Who knew that the world of finance could be so entertaining? Buckle up, dear reader, for the ride has only just begun! 🎢

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2025-05-23 12:10