The Cardano ecosystem's decentralized stablecoin system Ardana will cease development

ChainCatcher news, based on Cardano's decentralized stablecoin system Ardana, tweeted that due to uncertainty in funding and project timelines, Ardana will cease development.

Ardana believes that a significant amount of funds in the Cardano ecosystem is allocated to tools, infrastructure, and security, leading to uncertainty in project development, and the team has had to stop the development of dUSD. Subsequently, Ardana will continue to open source, and remaining funds and treasury balances will be held by Ardana Labs. When teams with development capabilities emerge in the community, Ardana will continue to work. (source link)