In the recent AMA, Cardano founder Charles Hoskinson proposed converting $100 million worth of ADA into USDM to enhance the liquidity of stablecoins within the ecosystem. He stated that post-conversion, they could collaborate with the hedge fund Brevan Howard to boost total locked value and key activities such as market making. This plan could also achieve an annualized return of 5%-10%, with the profits used to buy back ADA and return it to the treasury.

RLUSD Integration Discussion

• Charles Hoskinson confirmed that his team is in discussions with Ripple about the integration of RLUSD with Cardano. Early negotiations began last year, and progress continues to be made in the collaboration. However, key strategic decisions depend on the potential corporate developments surrounding Circle, as Ripple is negotiating to acquire Circle. If the acquisition is successful, the listing process and development path for RLUSD will need to be re-evaluated.