#CardanoDebate

IS IT POSSIBLE???

Cardano (ADA) founder Charles Hoskinson, who caught the market's attention with his statement, announced his $100 million proposal.

According to Coindesk, Charles Hoskinson proposed to convert the $100 million ADA reserve into Bitcoin (BTC) and local stablecoins USDM and USDA to revitalize and strengthen the DeFi and stablecoin ecosystem.

"We can take $100 million worth of ADA from the national treasury, convert it into a mix of stablecoins on Cardano, namely USDM and USDA, and convert part of it into Bitcoin, making it Prime Bitcoin DeFi."

Hoskinson stated that with this proposal, he intends to increase the stablecoin-TVL ratio from 10% to 30-40%. Hoskinson said that the current stablecoin-TVL ratio of 10% would be detrimental to Cardano.

According to DefiLlama data, Cardano's total TVL is $356 million, while the value of printed stablecoins is only $31 million.