Cardano will have stablecoins without censorship

Cardano does not have USDT and USDC because it adheres to the principles of decentralization at the protocol design level and does not allow token issuers to censor transactions. Cardano employs a so-called multi-asset ledger. Tokens are stored directly in the ledger and treated similarly to ADA coins. No smart contract is needed to mint tokens on Cardano. Issuers must define a minting policy script and sign a specially created mint transaction. To issue tokens on EVM platforms, it is necessary to deploy a smart contract, which is then used for transferring tokens. The token issuer can define support for transaction censorship and token freezing in the contract. Let’s explore how the two approaches differ and think about what Cardano should be.


  • USDT and USDC can only be issued by complying with the requirements of the regulators.
  • The ecosystem’s dependence on a stablecoin that can be frozen at any time by a centralized entity is very dangerous.
  • Cardano does not have USDT and USDC because it is unable to meet the requirements of the regulators.
  • Owners are always in full control of their tokens in the Cardano ecosystem. Even the issuer cannot change that.
  • It can’t be said that Cardano has fewer capabilities than EVM platforms just because it doesn’t allow transaction censorship.

This article was prepared by Cardanians with support from Cexplorer.

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