Charles Hoskinson Supports USDM After CEO Death and SEC Filing Shake-Up

• Charles Hoskinson supports USDM after the CEO’s death and major project setbacks.
• USDM faces restructuring with a valuation cut and a $1.5M investment from IOG.
• SEC filing reveals leadership shifts and risks tied to Cardano’s development.

Charles Hoskinson, founder of Cardano, has publicly voiced his support for the blockchain’s stablecoin ecosystem following major challenges faced by one of its key players. In a recent tweet, Hoskinson addressed the ongoing situation with USDM, a stablecoin project built on Cardano that has encountered several setbacks.

USDM CEO Matthew Plomin passed away on November 14, 2024, due to health complications. They even implemented several pre-existing disaster plans for operational needs. Despite the tragedy, Hoskinson’s message conveyed optimism about the project’s resilience and its future prospects.

We support the Cardano stablecoin ecosystem and want to see it grow and thrive. USDM has had some heavy blows including the death of its CEO, but has risen and has a bright future https://t.co/y3RAO45hNm

— Charles Hoskinson (@IOHK_Charles) May 8, 2025

His comments came in response to news that W3i Software, the company behi…

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