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$ADA Charles Hoskinson believes Cardano is the biggest threat to Bitcoin’s dominance. He says Cardano has stayed true to its core principles for over seven years. Cardano uses the Extended UTXO model to support smart contracts with enhanced security. Charles Hoskinson proposed converting $100M of ADA into bitcoin and stablecoins (USDM, USDA) to boost Cardano’s DeFi and stablecoin ecosystem. He dismissed concerns over market impact, saying that the token does not have an issue with liquidity. The proposal contrasts with Cardano Foundation CEO Frederik Gregaard’s view that TVL is not a key adoption metric.
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