Cardano Moves $26M to USDCx Amid Bridge Control Freeze on Payouts
Key Highlights: Intersect-administered development commitments span multiple currencies, recording cumulative activity of 201.67 million ADA, 26.1 million USDCx, and 4.8 million USDM via its 2026 Treasury Reserve Smart Contract. Intersect utilizes a “fail-open” smart-contract design where unpaused payouts can unlock over time, running alongside parallel administrative milestone verification policies. Converting stablecoins like USDM and USDCx ...