#特朗普比特币金库 Cardano Stablecoin Proposal

Recently, Charles Hoskinson, the founder of Cardano, proposed a highly anticipated plan to convert $100 million worth of ADA in the Cardano treasury into stablecoins and Bitcoin. The proposal aims to address the issue of insufficient stablecoin liquidity in Cardano's decentralized finance (DeFi) ecosystem.

Hoskinson pointed out that currently, the market capitalization of stablecoins on the Cardano network accounts for less than 10% of its total locked value (TVL) in DeFi, which is far lower than competitors Ethereum and Solana. He suggested converting 140 million ADA (approximately $100 million) in the treasury into Cardano's fiat-backed stablecoin USDM to enhance liquidity and stimulate ecosystem growth. In addition, he also plans to allocate some funds into Bitcoin to promote Bitcoin DeFi activities.

Although Hoskinson emphasized that this conversion could be carried out without significantly affecting market prices through over-the-counter (OTC) and time-weighted average price (TWAP) strategies, the proposal still sparked widespread discussion in the community. Some critics are concerned that a large-scale ADA sell-off could lead to further price declines. However, Hoskinson believes that this move will create non-inflationary revenue for the treasury and help build Cardano's DeFi economy.

The proposal also involves establishing a decentralized Cardano sovereign wealth fund, similar to investment models in countries like Norway, to prepare for future returns by investing in assets like stablecoins and Bitcoin. If the proposal is approved, it will mark a significant step for Cardano in enhancing its DeFi ecosystem and attracting institutional investors.