#CardanoDebate Charles Hoskinson proposed to convert $100M ADA into BTC and stablecoins (USDM, USDA) to stimulate the DeFi and stablecoin ecosystem of Cardano.
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 indicator of adoption.
"We could take 100 million dollars of ADA from the treasury, convert it into a mix of stablecoins accepted in Cardano, such as USDM and USDA, and convert part of it into Bitcoin to promote Bitcoin#defi ," Hoskinson said during a live stream on YouTube.
