#CardanoDebate

Cardano: A Strategic Turn Towards Bitcoin and Stablecoins?

Charles Hoskinson, the visionary founder of Cardano, has launched a bold proposal that could redefine the treasury strategy of the ecosystem. In a move aimed at catalyzing growth and liquidity, Hoskinson proposes converting $100 million of the ADA reserves into Bitcoin (BTC) and the native stablecoins USDM and USDA.

This initiative, far from being a sign of weakness, is presented as a proactive measure to inject vitality into Cardano's nascent DeFi sector. Hoskinson has emphatically dismissed concerns about a potential negative impact on the market, arguing that the current proportion of stablecoins relative to Total Value Locked (TVL) – a meager 10% – is "killing Cardano."

With a current TVL of approximately $356 million, of which only $31 million corresponds to stablecoins, the proposal seeks to reverse this disproportion. The integration of BTC and a greater presence of stablecoins could not only strengthen Cardano's financial infrastructure but also attract a greater influx of capital and users, positioning the network for more robust DeFi adoption.

Charles Hoskinson, founder of Cardano, has launched a bold proposal to inject critical liquidity into the ecosystem, suggesting the conversion of $100 million from ADA reserves to Bitcoin and the native stablecoins USDM and USDA. This initiative aims to catalyze the growth of Cardano's DeFi sector, which currently exhibits a concerning disproportion in the ratio of stablecoins.