In a recent AMA, Cardano founder Charles Hoskinson proposed exchanging $100 million worth of ADA for USDM to enhance liquidity of stablecoins in the ecosystem. He stated that after the conversion, they could collaborate with hedge fund Brevan Howard to boost total locked value and key activities like market making. This plan could also yield an annual return of 5%-10%, with the profits used for buying back ADA and returning it to the treasury.

RLUSD Integration Discussion

• Charles Hoskinson confirmed that his team is in discussions with Ripple regarding the integration of RLUSD with Cardano, with initial negotiations having begun last year and progress being made. However, key strategic decisions depend on potential corporate developments surrounding Circle, as Ripple is in negotiations to acquire Circle; if the acquisition is successful, the listing process and development path for RLUSD will need to be reassessed.