Charles Hoskinson, co-founder of Cardano, proposed selling 100 million USD ADA to buy Bitcoin and stablecoins like USDM, USDA, to boost DeFi on Cardano. With the price of ADA around $0.6 and Bitcoin >$105,000, he dismissed concerns about price impact, affirming that the plan poses no risk.

The goal is to raise the stablecoin ratio and TVL from #Cardano to 30-40% (current TVL is 356 million USD, stablecoin 31 million USD, according to DefiLlama), competing with Solana (TVL 9.8 billion USD). This move could increase liquidity and attract investors to Cardano, strengthening the DeFi ecosystem in the US and globally.

Risk warning: The information in this article is for reference only and is not investment advice. $ADA