💡"We can take $100 million to convert it into stablecoins USDM/USDA, then exchange part for BTC for initial DeFi"
According to Hoskinson, this step will address a drawback of the blockchain ecosystem, such as the limited adoption of "stablecoins", which reduces competitiveness in the DeFi space.
He believes that solving this problem will generate "non-inflationary income" and stimulate the economy of decentralized finance.
According to DeFiLlama, the total capitalization of stablecoins in the network is $31.6 million compared to $124.4 billion for the leading Ethereum. Cardano ranks 46th among blockchains in this metric.
Some users criticized Hoskinson's proposal to sell a significant volume of ADA due to potential pressure on the asset's quotes.
