#Metaplanet增持比特币 Cardano Stablecoin Proposal

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

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

Although Hoskinson emphasized that this conversion could be completed without significantly impacting market prices through over-the-counter (OTC) trading and time-weighted average price (TWAP) strategies, the proposal has sparked widespread discussion within the community. Some critics are concerned that a large-scale ADA sell-off could lead to further price declines. However, Hoskinson believes that this initiative will generate non-inflationary income for the treasury and help establish Cardano's DeFi economy.

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