According to Foresight News and a report by CoinDesk, Cardano founder Charles Hoskinson proposed in a live broadcast to use $100 million ADA from the treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to increase the share of stablecoins on the chain and boost the DeFi ecosystem.
He stated that this move would not impact the ADA market and refuted concerns about liquidity. Currently, stablecoins on the Cardano chain account for only about 10% of the TVL, far lower than the stablecoin ecosystem size of Solana. This proposal diverges from the view previously emphasized by Cardano Foundation CEO Frederik Gregaard that 'TVL is not a key indicator.'
