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💥 Cardano's Charles Hoskinson Proposes Swapping $100M ADA for Bitcoin & Stablecoins
In a bold move to boost Cardano’s DeFi economy, Charles Hoskinson has proposed converting $100 million in ADA into Bitcoin and Cardano-native stablecoins like USDM and USDA.
🧠 The Goal?
Boost stablecoin issuance & TVL ratio from 10% → 30-40%
→ “TVL and stablecoins are the lifeblood of DeFi,” says Hoskinson.
📉 Critics warned of market impact —
But Hoskinson hit back:
“Inexperienced people. It won’t affect liquidity at all.”
⚠️ Contrast:
Cardano Foundation CEO previously claimed TVL isn’t key for adoption — showing internal differences in Cardano’s vision.
📊 Current stats:
TVL: $356M
Stablecoins minted: $31M
Meanwhile, Solana boasts $9.8B TVL & $11B stablecoins.
🧩 Is this the spark Cardano DeFi needs, or a risky shift in priorities?
#ADA #CharlesHos kinson #CryptoN ews $ADA $BTC
$ADA #MarketPullback #CardanoDebate
In a bold move to boost Cardano’s DeFi economy, Charles Hoskinson has proposed converting $100 million in ADA into Bitcoin and Cardano-native stablecoins like USDM and USDA.
🧠 The Goal?
Boost stablecoin issuance & TVL ratio from 10% → 30-40%
→ “TVL and stablecoins are the lifeblood of DeFi,” says Hoskinson.
📉 Critics warned of market impact —
But Hoskinson hit back:
“Inexperienced people. It won’t affect liquidity at all.”
⚠️ Contrast:
Cardano Foundation CEO previously claimed TVL isn’t key for adoption — showing internal differences in Cardano’s vision.
📊 Current stats:
TVL: $356M
Stablecoins minted: $31M
Meanwhile, Solana boasts $9.8B TVL & $11B stablecoins.
🧩 Is this the spark Cardano DeFi needs, or a risky shift in priorities?
#ADA #CharlesHos kinson #CryptoN ews $ADA $BTC
$ADA #MarketPullback #CardanoDebate
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