Cardano-Based Decentralized Stablecoin Ecosystem Ardana Comes to a Halt

Cardano-based decentralized stablecoin ecosystem Ardana tweeted that due to recent developments with regards to funding and project timeline uncertainty, the Ardana project has had to come to a halt.

Ardana said that Development on Cardano has been difficult with alot of funding going into tooling, infrastructure and security. This alongside the uncertainty around development completion has led to the best course of action being halting development of dUSD.

In addition, Ardana's code will remain open source for builders to continue its work going forward as they wish. Remaining funds and treasury balances etc will be held by Ardana Labs until another competent dev team in the community comes forward to continue our work.

According to TokenInsight data, Ardana ($DANA) price dropped 80.47% over the last 24 hours, trading at $0.012312 now.