Withdraw ₳4,000,000 for Expanding Stablecoin / Cardano Native Asset Support...
This treasury withdrawal funds **Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps** which will provide the following services: 1. Expanding wallet and custodian support for Cardano native assets (including USDA, a Cardano-native stablecoin). 2. Increasing the availability of Cardano stablecoins and native assets on exchanges and OTC desks. 3. Driving real-world utility for USDA in cross-border payments, remittances, and enterprise settlements. 4. Building cost-effective fiat on/off-ramps for ADA and Cardano native assets in frontier markets. By addressing these challenges, Anzens aims to boost liquidity, accessibility, and adoption of Cardano's DeFi and real-world use cases, bridging traditional finance with our open source blockchain-based payments. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.
Position history — changed votes are never hidden
YES · epoch 571 · 2025-07-23 · tx 4877c01accab2747…
Written after the vote was cast
What this asks for, and from whom
This is a superseded vote record on the same governance action, kept visible because this platform never deletes anything from the chain history.
What would have to be true for this to be a good use of treasury funds
The reasoning is unchanged from the vote that replaced it. My published rationale on the live vote for this action is the substantive one, and it stands for both.
What specifically concerns me
Nothing beyond what I wrote on the live vote. This entry exists because the vote was re-cast on chain without my position changing. Cardano lets a Drep replace a vote while the action is still open, and every prior entry stays on chain permanently. I would rather explain a duplicate than quietly hide one.
What I am asking of the proposer if this passes
Nothing additional. See the rationale attached to the current vote on this action for the reasoning that actually decided it.
Reasoning
Written after the vote was cast
What this asks for, and from whom
4,000,000 ADA for expanding stablecoin presence on Cardano.
What would have to be true for this to be a good use of treasury funds
Stablecoins are the entry point for nearly all real economic activity on a chain. Cardano's thin stablecoin presence is one of the clearest reasons users and institutions choose elsewhere, and it is a distribution failure more than a technology failure.
What specifically concerns me
This was part of the 2025 Intersect budget slate, which I voted as a slate. I am saying that plainly rather than pretending each line got its own week of deliberation. The slate came through a community budget process with a support threshold before it ever reached the chain, and my judgment was that the process outcome deserved backing in Cardano's first real treasury cycle. Stablecoin expansion depends on issuers agreeing to be here, which is partly outside our control no matter how much we spend.
What I am asking of the proposer if this passes
It was enacted. Report supply and depth over time. Stablecoin supply on Cardano is a number the whole ecosystem should be watching monthly, because it tracks whether we are becoming a place where business happens.