PANews June 13 news, according to CoinDesk, Cardano founder Charles Hoskinson proposed in a live broadcast to use 100 million ADA from the national treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to increase the proportion of on-chain stablecoins and the DeFi ecosystem. He stated that this move would not impact the ADA market and refuted liquidity concerns. Currently, on-chain stablecoins on Cardano account for only about 10% of TVL, far lower than the stablecoin ecosystem scale of Solana. This proposal is at odds with Cardano Foundation CEO Frederik Gregaard's previous emphasis that 'TVL is not a key indicator.'
