Charles Hoskinson, the founder of Kardano, explained his position at Coinbase and Ripple Saga, amid rumors that both companies were competing to get the Stablecoin Isuer Circle circuit.
In a recent video clip on YouTube entitled “Ask Me Anyde”, Cardano President expressed his support for Ripple, explaining that the acquisition of the Circle payment company can enhance the ecosystem of the encrypted currency.
“There will be anti -relaxing concerns with the Ripple acquisition of the circuit. I think it will make the space better.” Emphasized.
Hoskinson still criticizes the ecosystem of the current encrypted currency, explaining that joint efforts have been made to the centralization of the area, making it difficult for projects outside these groups in prosperity.
Hosnson, who stated that “Coinbase A16z Circle” is devoted to creating an exclusive network within the ecosystem for encryption, its saying;
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“And if you are outside, you are completely listed in the black list, and it is difficult to get it, it is difficult to obtain liquidity, and it is difficult to get Stablecoin.”
Shiraz Ahmed, administrative partner at Blockchain Consulting Strom Partners, who shares Hoskinson’s feelings, indicated that the acquisition of Circle and other potential future acquisitions indicates a transformation in the market.
Copper officials amplify central concerns
Speaking to Blockwork’s Katherine Ross, Ahmed explained that a “A few dominant players absorb the best technology.” While this step begins the encryption space, it raises concerns about decentralization, as he emphasized.
Conversations follow rumors that Coinbase and Ripple are offered to acquire the circle.
Ryan Rasmussen, head of research at BitWise, BlockWorks that Circle provides attractive opportunities believed to be demanding Coinbase to follow the Stablecoin source.
“It has already bent at USDC as So-To Stablecoin via the basic ecosystem, and through Coinbase … you get the return on USDC only to keep it in your account. So I think from the source perspective, and this is very logical.”
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