Charles Hoskinson, the founder of the Cardano blockchain platform, proposed to allocate $100 million in tokens $ADA
from project reserves to purchase Bitcoins and stablecoins. This initiative, announced on June 13, 2025, aims to activate the decentralized finance (DeFi) segment in the Cardano network. Hoskinson believes that this step will address the issue of limited adoption of stablecoins in the Cardano ecosystem, enhancing its competitiveness. In particular, he suggested converting part of ADA into the native stablecoin $USDM, which could bring a 5–10% annual yield for the project treasury through the buyback of ADA.
This proposal has sparked lively discussion in the crypto community, as it could strengthen liquidity and attract new users to Cardano's DeFi products. Hoskinson also emphasized the importance of integrating Bitcoin through the recently announced Cardinal protocol, which allows the use of $BTC in DeFi services. Experts believe that such actions may contribute to the growth of the ADA price, which rose by 5.2% after the announcement.
Hoskinson's proposal reflects his vision for the future of blockchains with interaction between networks. Subscribe to MiningUpdates
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