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Redline

@redlinefeeds

Sep 1 • 8 tweets • 3 min read • Read on X

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USD1 COMING TO CARDANO?

Charles Hoskinson AMA @IOHK_Charles responds

USD1 is a stablecoin launched by World Liberty Financial, a cryptocurrency firm co-founded by Zach Witkoff and influenced by the family of President Donald Trump.

World Liberty Financial (WLF) was co-founded by Zach Witkoff in 2024 and is 60% owned by the Trump family. The Trump family's involvement in cryptocurrency has led to scrutiny and allegations of conflicts of interest.

USD1 is a "stablecoin," a digital asset pegged 1:1 to the U.S. dollar and backed by reserves, including short-term treasuries and cash equivalents. WLF has also issued another token, WLFI.

In May 2025, Zach Witkoff announced at a crypto conference in Dubai that USD1 would be the stablecoin used for a $2 billion investment by Abu Dhabi-based MGX into the crypto exchange Binance.

The USD1 stablecoin has faced criticism from lawmakers, including Senator Elizabeth Warren, who cited the venture as a potential conflict of interest, given President Trump's role in shaping crypto policy.

According to CoinMarketCap data from May 2025, USD1 reached about $2.1 billion in value in circulation and became the fifth-largest stablecoin. It has since been listed on major exchanges like Coinbase and Bullish.

In 2025, WLF was involved in a deal with Alt5 Sigma, a company that used a $1.5 billion offering to buy WLFI tokens and adopt a WLF treasury strategy. Part of the offering's proceeds were designated to settle existing litigation for Alt5 Sigma.

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Redline

@redlinefeeds

Sep 1

Ford Motor Company, a Fortune 500 company, has joined forces with Iagon and Cloud Court to launch a proof-of-concept (PoC) focused on decentralized legal data storage, according to a June 18 announcement.

The project, built on the Cardano blockchain, will test decentralized solutions for managing sensitive legal records across large organizations.

Legal data will be encrypted and stored off-chain, while Cardano’s blockchain will handle permission controls, access logs, and data verification.

This setup is designed to reduce data fragmentation while providing clear audit trails, stronger security, and smoother internal collaboration.

Read 4 tweets

Redline

@redlinefeeds

Aug 30

Why Cardano could win big 🧵

If mass adoption demands predictability, security, and parallelism, Cardano has the right foundation. Ethereum’s account model has known scaling limits.

Cardano’s compliance-first, identity-ready approach may appeal to governments, NGOs, and enterprises that won’t touch “wild west” chains.

This is perhaps one of its biggest value adds imo. Governments are freaked out by crypto, but a compliant blockchain could put those concerns to rest.

It’s one of the few chains that’s never been hacked or gone offline. That matters long-term.

Read 5 tweets

Redline

@redlinefeeds

Aug 29

USDM, Cardano's stablecoin, is the most advanced stablecoin in existence.

☑️It's the only fully decentralized, U.S. regulated stablecoin.
❌USDT (Tether) – issued by a company in the BVI; regulated in some jurisdictions but not fully under U.S. banking supervision.
❌USDC (Circle) – regulated, partially compliant in the U.S., but technically under money transmitter licenses, not a fully chartered bank.
❌DAI, USTC, etc. – not regulated or backed by USD reserves.

So why are adoption and liquidity slow?

USDM is Cardano’s native stablecoin.

It’s a digital dollar on the Cardano blockchain.

☑️Every USDM token is backed 1:1 by real U.S. dollars held in a regulated U.S. bank.

☑️That means if you hold 100 USDM, there’s $100 sitting safely in a bank account.

☑️Unlike volatile crypto (like ADA or BTC), USDM is stable—it always aims to equal $1.

☑️It’s issued by Mehen, a regulated company, not by a random decentralized algorithm (so it avoids the risks of “algorithmic stablecoins” like Terra/LUNA).

☑️It’s designed to make payments, savings, and contracts on Cardano reliable and easy—because people can transact in dollars without leaving the blockchain.

It checks all the boxes.

Stables exist. Why bother creating USDM?

USDM was created because Cardano didn’t have a reliable, regulated dollar stablecoin, which limited real-world use.

☑️Stable Transactions – ADA’s price moves up and down, which makes it hard to use in contracts, payroll, rent, or lending. People need a stable unit of account (the dollar).

☑️DeFi & Smart Contracts – Apps on Cardano (lending, borrowing, DAOs, marketplaces) need a stablecoin to avoid volatility. Without it, deals become risky.

☑️On-Chain Commerce – If someone wants to pay for services, buy an NFT, or rent an apartment through a smart contract, they don’t want to worry that ADA will drop 10% overnight.

☑️Liquidity Gap – Other chains (Ethereum, Solana, Polygon) already had USDT, USDC, and DAI. Cardano was behind in adoption partly because users couldn’t easily move stable value onto the network.

☑️Trust & Regulation – Algorithmic stablecoins (like Terra/LUNA) collapsed. Cardano needed a fully collateralized, regulated stablecoin to be credible to businesses, banks, and serious users.

Read 13 tweets

Redline

@redlinefeeds

Aug 28

1 BILLION people can't open a bank account.

Here's why Cardano might have the best approach to bank the unbanked:

Cardano's Core Approach

Building institutional-grade infrastructure first, then expanding access through partnerships with governments, NGOs, and traditional institutions rather than going directly consumer-facing.

The Atala PRISM Identity Solution

The most significant barrier to financial inclusion for the unbanked isn't a lack of money or credit. It's a lack of a verifiable identity. They might not have a government-issued ID, a birth certificate, or a proof of address.

This means a person who has no official documents can be "onboarded" into the financial system.

Read 8 tweets

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