#CardanoDebate after its founder Charles Hoskinson proposed a bold shift in treasury strategy — converting $100 million worth of ADA into stablecoins and Bitcoin. The move, according to Hoskinson, is aimed at revitalizing Cardano’s sluggish DeFi ecosystem by addressing the platform’s limited stablecoin supply.

In a recent YouTube update, Hoskinson pointed out that Cardano’s stablecoin presence is “just under 10%”, a figure far below that of other leading DeFi platforms. Supporting this, DefiLlama data shows Cardano hosts only $31 million in stablecoins despite a total value locked (TVL) of $273 million. Hoskinson also emphasized that the current Cardano treasury lacks yield-bearing assets, suggesting an urgent need for a more productive allocation.