Cardano Launches CIP-0113 Compliance Standard as ADA Dips 5.1%
Cardano’s long-awaited CIP-0113 programmable token standard has officially launched on the mainnet. This update allows issuers to embed compliance rules, such as freeze, seize, and KYC checks, directly into native ADA tokens, all without requiring a hard fork. The new functionality aims to attract regulated stablecoins, tokenized securities, and real-world assets that previously avoided Cardano due to the lack of built-in compliance mechanisms.
The launch initially boosted Cardano’s market cap, propelling it into the top 15 cryptocurrencies by market capitalization. However, the excitement was short-lived as ADA’s price dropped 5.1% within 24 hours, settling at $0.2544. Despite this pullback, the weekly trend remains positive, with ADA up 4.2% over the past week.
Beyond the CIP-0113 rollout, Cardano celebrated Node Diversity Celebration Day in Singapore, marking a milestone in the network’s decentralization efforts. Additionally, Charles Hoskinson announced the upcoming launch of Pogun, a Bitcoin-to-Cardano stablecoin lending project, within the next 90 days. This development could further integrate Bitcoin liquidity into the Cardano ecosystem.
Analysts note that short-term price dips after major upgrades are common as traders often sell on the news. The real test for Cardano will be whether issuers adopt the new compliance tools, potentially driving long-term growth.