Cardano’s Journey: From BitUSD to Potential US Favorite

• The first-ever mention of Cardano (ADA) by Charles Hoskinson was made in 2015.
• Hoskinson was working on Cardano during the collapse of bitUSD stablecoin.
• ADA has entered the oversold region, a feasible time to open a new position.

Cardano (ADA) is in the news as a “made in America” crypto asset, coinciding with the re-election of Donald Trump as the US President. Created nearly a decade ago by Ethereum co-founder Charles Hoskinson, the Layer 1 blockchain is now being eyed for potential growth.

An X (formerly Twitter) account dug through all the posts drafted by Hoskinson on the social media platform over the years. The first mention that the account found of Cardano was during a debate about the collapse of bitUSD. 

Hoskinson’s Dedication to Cardano

Hoskinson was a huge fan of the bitUSD stablecoin and talked about rebuilding the project once his work at Cardano was done. However, the rebuilding phase never came since Hoskinson has been actively working on the Cardano blockchain since at least 2015, launching it in September 2017.

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