#CardanoDebate Charles Hoskinson, co-founder of Cardano, has proposed converting $100 million in ADA to Bitcoin and stablecoins to improve the liquidity of stablecoins in the Cardano ecosystem. This proposal, described in a 40-page document, aims to increase the proportion of stablecoins compared to the total value locked (TVL) of Cardano. Additionally, Hoskinson has mentioned the possibility of generating returns for the Cardano treasury through real-world assets (RWA), DeFi, or off-chain finance.

New projects and developments in Cardano:

Midnight:

A Cardano project focused on privacy and security, with an airdrop for ADA holders.

Leios Update:

New contractors are being hired to drive this update, focusing on hiring providers with experience in networks.

Atala:

An identity and record-keeping system in Cardano for students in Ethiopia, in collaboration with the country's Ministry of Education.

Collaborations:

Cardano has collaborated with Dish Network to explore the use of distributed ledger technology and with DJ Paul Oakenfold to release an album on the Cardano blockchain.

Cardano-based projects:

World Mobile Token (WMT) provides remote access to mobile networks in Africa, and Mazzuma, a Ghanaian startup, received funding from Adaverse, an accelerator in the Cardano ecosystem.