#CardanoDebate Hoskinson Proposes Bold Strategy for Cardano DeFi

Charles Hoskinson, founder of Cardano, has proposed a bold conversion of $100 million in ADA to Bitcoin and stablecoins (USDM and USDA) to revitalize the DeFi sector of the network. With the aim of raising Cardano's stablecoin-TVL ratio from the current 10% to 30-40%, Hoskinson believes that the current levels are detrimental to growth.

Despite criticisms regarding the potential impact on the price of ADA, Hoskinson assures responsible management. This measure seeks to significantly boost Cardano's competitiveness in the DeFi and stablecoin space, marking a crucial strategic shift for the network.