Cardano's Charles Hoskinson Suggests Swapping $100M of ADA for Bitcoin, Stablecoins
The proposal appears at to be at odds with previous comments from Cardano Foundation CEO Frederik Gregaard.
"We could take $100 million of ADA in the treasury, convert it to a blend of stablecoins incumbent in Cardano so USDM and USDA and convert some of it in bitcoin to prime bitcoin DeFi," Hoskinson said on a YouTube live stream.