All Balances May Change in #Cardano ! New Move Ecosystem Can Be Reshaped From Top to Bottom!
Cardano founder Charles Hoskinson came up with a proposal that fell like a cryptocurrency bombshell. Speaking on live broadcast, Hoskinson suggested that the 100 million ADA reserves in the Cardano treasury be converted into Bitcoin ($BTC ) and Cardano-based stablecoins (#USDM , USDA). These proposals lifted not only the ones collected by Cardano, but the entire crypto market!
🎯 Goal: Strengthening the DeFi and Stablecoin Infrastructure
According to Hoskinson, if the Cardano ecosystem does not make a serious breakthrough in the DeFi and stablecoin fields, it risks falling behind the competition. The founder, who wants to convert a large portion of the $ADA reserves into more functional assets, argued that this move will increase Cardano's financial strength and make the ecosystem more pleasant.
"Currently, Cardano's total locked value is $356 million. In contrast, only $31 million worth of stablecoins have been used. This is insufficient!" Hoskinson said, adding that 30% to 40% of this rate should be removed.
📉 Will the Market Fall? Hoskinson Speaks Clearly!
Hoskinson also spoke harshly to criticism that the #ADA sale would put pressure on the price:
"These sales do not create a liquidity risk for the market. Therefore, this sacrifice is a condition for Cardano's long-term growth!"
🧱 Facing the Foundation!
This radical proposal has increased even more within the discussions of the Cardano Foundation. While Foundation CEO Frederik Gregaard argued that there was no significant indicator in the stablecoin-TVL so far, Hoskinson strongly opposed this view:
"The lack of stablecoins directly disrupts Cardano. This move is the most effective way to generate income without creating inflation!"
⚔ Big Competition with Solana
Hoskinson’s move is part of Cardano’s plan to gain strength against aggressively growing rivals like Solana. While Solana currently has over $11 billion in stablecoin usage on its network, this amount is only around $31 million on Cardano.
With this development that has resonated in the crypto world, all eyes are now on Cardano’s collection and foundation. If these proposals are accepted, Cardano could experience an unprecedented transformation in its history.
