#CardanoDebate

Charles Hoskinson launches a $100 million ADA treasury reboot to stabilize the ecosystem #Cardano

With only $31 million in stablecoins against $356 million in total locked value, the Cardano founder proposed an unprecedented diversification of the treasury into bitcoins and dollar-pegged assets to strengthen the decentralized finance network and stablecoin ecosystem.

On June 12, Cardano co-founder Charles Hoskinson suggested the idea of exchanging Cardano for $100 million on YouTube $ADA 0.81% tokens for bitcoins $BTC 1,06% and his own USDM and USDA to bolster the ecosystem.

Hoskinson presented the treasury overhaul as a strategic bet on the future of Cardano as a multi-asset financial ecosystem. Drawing inspiration from sovereign wealth funds in Norway and Abu Dhabi, he argued that converting part of the ADA treasury into income-generating assets would unlock liquidity and demonstrate serious trust to institutional players.

"We have a treasury with ADA worth about $1.5 billion, and yet there are only about $30 million in stablecoins across the Cardano ecosystem," he said. "This is a problem." $ADA