Ardana, a decentralized stablecoin ecosystem on Cardano, tweeted that it had to cease operations due to uncertainty in funding and project timelines.
Ardana said that due to the large amount of funds invested in tools, infrastructure and security, as well as the uncertainty of the completion of the development of Cardano ecological projects, the team had no choice but to stop developing dUSD.
In addition, Ardana will continue to keep its code open source, and the remaining funds and treasury balances will be held by Ardana Labs until other teams with development capabilities emerge in the community to continue the construction of Ardana.
According to TokenInsight data, the price of Ardana ($DANA) has fallen by 80.47% in the past 24 hours and is currently priced at $0.012312.
