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Charles Hoskinson challenges Cardano community after Solana's major Japan deal with SBI Holdings.

Market News
13 Jul 2026
UToday
View Source
Bearish
pluang ai news

Solana secured a significant partnership with Japan's SBI Holdings to launch stablecoins and tokenize assets, sparking controversy within the Cardano community, which historically relied heavily on Japanese investors. Charles Hoskinson, Cardano's founder, responded firmly to criticism, rejecting personal blame and emphasizing that Cardano's decentralized governance means commercial deals require community funding and consensus, not reliance on a single leader. This incident highlights a core challenge for Cardano: balancing decentralized decision-making with the need for swift, centralized commercial action to compete with rivals like Solana.

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