$ADA Charles Hoskinson proposes to convert $100 million of ADA to Bitcoin and stablecoins to improve liquidity.

The low stablecoin to DeFi ratio in Cardano is sought to be improved through the strategic conversion of crypto.

Charles Hoskinson, co-founder of Cardano, has proposed converting $100 million in ADA from the project's treasury into stablecoins and Bitcoin to strengthen liquidity and accelerate the growth of Cardano's decentralized finance (DeFi) ecosystem.

Hoskinson said in a recent YouTube live stream that diversifying treasury assets could help address the low stablecoin to DeFi ratio in Cardano, which currently stands at less than 10% with approximately $33 million in stablecoins and $330 million in total value locked (TVL). This lags behind competitors like Ethereum with 190% and Solana with 110%.