$ADA

Founder of Cardano Charles Hoskinson proposed to allocate $100 million in ADA tokens from the project's reserves to purchase bitcoins and 'stablecoins' to activate the DeFi segment on the network.

"We could take $100 million in ADA from the treasury, convert it into a mix of stablecoins used in Cardano, namely USDM and USDA, and exchange part of it for bitcoins for initial BTCFi," he stated.

According to Hoskinson, this step will eliminate a drawback of the blockchain ecosystem, such as limited adoption of 'stablecoins', which reduces competitiveness in the DeFi sector.

He believes that solving this issue will generate 'non-inflationary income' and stimulate the economy of decentralized finance.