On October 17, 2023, Charles Hoskinson, the founder of Cardano, recently proposed a plan to convert 140 million ADA (approximately 100 million USD) from the Cardano treasury into USDM stablecoins to enhance the liquidity of the ecosystem and promote DeFi development. Hoskinson emphasized that the conversion would be executed through over-the-counter trading and a time-weighted average price strategy to avoid market impact, and it is expected to yield an annualized return of 5%-10%, with some of the profits being used to repurchase ADA. However, some community members are concerned that the large-scale conversion could trigger market volatility and suggest adopting a collateralized stablecoin solution instead of directly selling ADA. The proposal is still under discussion, and if approved, it could attract more institutional investors to participate in the Cardano ecosystem.