The founder of Cardano proposes to convert 100 million dollars from ADA to BTC and stablecoins

Charles Hoskinson, the founder of Cardano (ADA), has proposed a radical change in the treasury management of the Cardano system. According to a Cointelegraph report, Hoskinson suggests converting 100 million dollars from ADA, currently in the treasury, to Bitcoin (BTC) and stablecoins such as USDM and USDA. This strategic move aims to enhance liquidity and stability within the Cardano network. Hoskinson explained that the current ratio of stablecoins on Cardano is about 10% of the total value locked (TVL). The goal is to raise this ratio to a stronger range of between 30% and 40% through this conversion. By increasing the ratio of Bitcoin and stablecoins, Cardano aims to mitigate volatility risks and provide a more secure foundation for decentralized applications.