#CardanoDebate Cardano Slips as Hoskinson Proposes $100M Treasury Shift to Stablecoins and BTC

Cardano ($ADA ) took a hit on Friday, falling nearly 4% after its founder Charles Hoskinson proposed a bold shift in treasury strategy — converting $100 million worth of ADA into stablecoins and Bitcoin. The move, according to Hoskinson, is aimed at revitalizing Cardano’s sluggish DeFi ecosystem by addressing the platform’s limited stablecoin supply.