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

Discussion on RLUSD Integration

• Charles Hoskinson confirmed that his team is in discussions with Ripple regarding the integration of RLUSD with Cardano, with early negotiations having started last year and progress being made. However, key strategic decisions depend on the potential business developments surrounding Circle, as Ripple is negotiating to acquire Circle, and if the acquisition is successful, the listing process and development path for RLUSD will need to be reassessed.92574002372