
Charles Hoskinson, founder of Cardano, has proposed reallocating $100 million worth of ADA from the Cardano treasury to boost the network's decentralized finance (DeFi) ecosystem. The plan involves converting these ADA reserves into Bitcoin (BTC) and Cardano-native stablecoins USDM and USDA. Hoskinson highlighted that the current stablecoin-to-total value locked (TVL) ratio on Cardano is approximately 10%, which he described as detrimental to the platform's growth. With Cardano's TVL at $356 million and stablecoins accounting for just $31 million, the proposal aims to enhance liquidity and stimulate DeFi activity by increasing stablecoin availability. This move is intended to attract more users and developers to Cardano's DeFi ecosystem, addressing what Hoskinson termed a "stablecoin drought" that is limiting the platform's potential. The proposal has garnered attention within the crypto community as a strategic effort to diversify Cardano's treasury and invigorate its DeFi sector.













JUST IN: CHARLES HOSKINSON PROPOSES $100M ADA INVESTMENT TO BOOST CARDANO DEFI VIA STABLECOINS AND BTC. Source: @Cointelegraph https://t.co/PII4kXQusP https://t.co/2ZM2EPI0JW
LATEST: Charles Hoskinson proposes $100 million $ADA investment to boost Cardano DeFi via stablecoins and $BTC. https://t.co/3o5UoIXOGD
HOSKINSON PROPOSES $100M ADA FUND TO BOOST CARDANO DEFI WITH STABLECOINS AND BITCOIN Cardano founder Charles Hoskinson has proposed a $100 million investment using ADA to support DeFi protocols on the network. The initiative would prioritize projects integrating stablecoins and https://t.co/9R1S9Rutqs https://t.co/M6mUluLrfL