Cardano holds bullish structure as stablecoin market cap surpasses 30 million USD with USDA launch

Cardano’s market capitalization for stablecoins grew by 30% QoQ, surpassing 30 million USD, largely driven by the successful launch of the USDA stablecoin.

Cardano has achieved decentralized governance with participation from Decentralized Representatives (DReps), enhancing community confidence and boosting its DeFi ecosystem.

The current price of Cardano (ADA) is around 0.78 USD, with bullish indicators suggesting potential growth above 1.00 USD, reflecting strong market sentiment.

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