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

RLUSD Integration Discussion

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