$ADA Charles Hoskinson proposed to convert $100M ADA into BTC and stablecoins (USDM, USDA) to stimulate the Cardano DeFi and stablecoin ecosystem.

He dismissed concerns about market impact, stating that the token has no liquidity issues.

This proposal contrasts with the opinion of Cardano Foundation CEO Frederik Gregaard, who believes that TVL is not a key metric for adoption.