Cardano (ADA) Looks to Double Down on Stablecoin Development, Here's How

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Cardano (ADA) Looks to Double Down on Stablecoin Development, Here's How
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.InputOutputHK is launching working groups for its community members

it is currently facilitating the creation and bootstrapping of developer working groups, empowering the community to self-mobilize and collaborate on decision-making processes.

A Working Group brings together a group of experts and committed community members around one specific topic of discussion. Members bring relevant expertise to the Working Group they are part of.While it noted this initiative is to drive enhanced participation from the technically sound members of its community, IOG has outlined a number of initiatives that can drive its core protocol enhancements. One of these is the proposed working group on stablecoins.

According to the outfit, the working group will be tasked with supporting the existing stablecoin initiatives on Cardano. Other specialized working groups, including one on Interoperability, Developer Experiences and Certifications, will also be paid close attention to. Just as their names reflect, the Working Group on Interoperability, for instance, will foster the development of cross-chain interaction between Cardano and other protocols. This remains one of the core hallmarks of the Cardano protocol that fueled the

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