Founder Charles Hoskinson throws out a market-shattering stablecoin liquidity plan, with core actions targeting two major moves:
Allocate $100 million worth of ADA from the Cardano treasury (currently holding 1.7 billion #ADA) and directly exchange it for the ecosystem's native stablecoin USDM. This operation is equivalent to injecting super strong liquidity into the stablecoin system, similar to implanting a blood-making machine into the "veins" of cryptocurrency.
Even more explosive is that Cardano will partner with Brevan Howard, which manages over $20 billion. This institution, renowned in the traditional finance sector, will bring in a professional market-making team and risk control system to penetrate the crypto space, focusing on two battlefields:
#TVL (Total Value Locked) breakout battle: Activate the asset accumulation of DeFi protocols within the ecosystem through institutional-grade strategies.
Liquidity market-making revolution: Completely resolve the slippage issue in stablecoin exchanges with algorithmic trading engines.
Dual-core drive: This operation is by no means a simple cash burn; it aims to build a "central bank + investment bank" for the crypto world.
Monetary side: Create a self-circulating stable currency system within the ecosystem through a two-way exchange mechanism between ADA and USDM.