Cardano treasury shifts $26M to USDCx as bridge controls freeze payouts

Cardano's treasury has allocated over $26 million in USDCx and USDM stablecoins to Intersect governance and Se7en Labs Daedalus projects, with payments subject to bridge controls that have frozen at least one payout. The Intersect project budget of 4.5 million USDM and Se7en Labs' 316,253.88 USDM allocation extend through 2027, but conversion risks and bridge suspensions affect the dollar purchasing power of these funds.