# Cardano Stablecoin Proposal You mentioned the proposal by Cardano founder Charles Hoskinson to use 140 million ADA (approximately 100 million USD) from the foundation's treasury to purchase Bitcoin (BTC) and Cardano's native stablecoins (USDM, USDA, iUSD) to promote the development of the DeFi ecosystem. Below is a brief summary and updated analysis of the proposal based on the information you provided and the current context:
