Cardano founder Charles Hoskinson has spoken out following the turmoil surrounding USDM, a stablecoin project facing challenges after CEO Matthew Plomin’s unexpected passing. Despite these setbacks, Hoskinson remains committed to the stability of the stablecoin ecosystem and emphasized continued support for USDM, even as it navigates ongoing leadership changes and financial restructuring. 80% of the company’s pre-money valuation is down to $20 million due to a recent SEC filing that reveals significant reorganization efforts, including a partnership with Hoskinson’s firm, Input Output Global. The deal includes an investment from OIG at $1.5M in preferred stock and a 7-year redemption period for the USDM team. Hoskinson’s public statement reassures the community about the long-term prospects of Cardano’s decentralized finance ecosystem, highlighting the importance of strategic support during this transitional phase. While challenges remain, Hoskinson believes that USDM can secure its position in the Cardano ecosystem with strategic adjustments.