$ADA - Cardano moves 26 million USDT to USDCx as bridge freezes payouts
Intersect‑administered budgets were converted, cutting ADA exposure by roughly 26 million USDT.
The funds are now held in USDCx, the stablecoin on Cardano's bridge.
Release of the cash still depends on milestone triggers and stablecoin cash‑out conditions.
The shift points to a focus on liquidity safety while keeping fund access tied to project milestones, leaving payout timing uncertain.
#Stablecoins #Stablecoin
Intersect‑administered budgets were converted, cutting ADA exposure by roughly 26 million USDT.
The funds are now held in USDCx, the stablecoin on Cardano's bridge.
Release of the cash still depends on milestone triggers and stablecoin cash‑out conditions.
The shift points to a focus on liquidity safety while keeping fund access tied to project milestones, leaving payout timing uncertain.
#Stablecoins #Stablecoin