#CardanoDebate Charles Hoskinson proposes to exchange $100M ADA for Bitcoin and stablecoins! 💸

Founder of Cardano Charles Hoskinson put forward the idea of converting $100M ADA from the project's treasury into Bitcoin (BTC) and stablecoins (USDM, USDA). The goal? To strengthen the DeFi ecosystem and stablecoins of Cardano! 📈

🔑 Key points:

• Hoskinson dismisses concerns about the impact on the price of ADA, claiming that the token's liquidity will not be affected.

• The proposal aims to increase the share of stablecoins in Cardano's TVL from 10% to 30-40%.

• Cardano's TVL currently stands at $356M, of which only $31M is in stablecoins (for comparison: Solana has $9.8B TVL and $11B in stablecoins).

💬 However, the proposal contradicts the opinion of Cardano Foundation CEO Frederik Gregaard, who believes that TVL is not a key indicator for development.

📢 Hoskinson calls the weak presence of stablecoins the "Cardano killer" and views the conversion as a way to create non-inflationary income and develop the project's DeFi economy.

🤔 What do you think about this move? Will it help Cardano catch up with competitors? Share your thoughts! 👇