Cardano

<ul><li>ADA&#39;s TVL surged 199% in 2023, driven by impactful stablecoins.</li><li>Cardano&#39;s $0.30 milestone and Bitcoin integration mark pivotal moments.</li><li>Binance delisting and ADA&#39;s $10B market cap shape the cryptocurrency landscape.</li></ul>Cardano (ADA), a prominent player in the blockchain landscape, has witnessed a staggering 199% surge in its Total Value Locked (TVL) during the first half of 2023. According to Messari, a crypto data analysis provider, this remarkable growth can be primarily attributed to the influence of stablecoins, which have taken centre stage in driving ADA&#39;s TVL to new heights.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a6b8a6be766e4f8a99bdd39e7b6aacf2.png" />The surge in Cardano&#39;s TVL gained traction following the <a href="https://twitter.com/InputOutputHK/status/1620445600167919617?s&#61;20" rel="noopener noreferrer nofollow">introduction</a> of the DJED and iUSD stablecoins. These innovative additions triggered a rallying effect, propelling ADA&#39;s TVL to reach a 12-month peak. Notably, the growth has been accompanied by a profound shift in market sentiment, with ADA recently encountering a significant milestone by touching the crucial $0.30 resistance level, according to <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">CoinMarketCap</a>. Often laden with psychological significance, this juncture has sparked discussions across digital currency forums and trading desks.Integral to Cardano&#39;s upward trajectory is its imminent integration of Bitcoin liquidity through the cBTC asset. Comparable to Ethereum&#39;s wrapped Bitcoin wBTC, cBTC is set to empower users by enabling Bitcoin-backed assets within the Cardano ecosystem. AnetaBTC, a person familiar with the matter on the X platform, presented a well-structured multi-phase approach that forms the backbone of this integration strategy, encompassing governance and a secure BTC deposit vault in its initial phase.Read full article at <a href="https://cryptotale.org/stablecoin-launch-propels-cardanos-tvl-to-199-surge/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Stablecoin Launch Propels Cardano's TVL to 199% Surge

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