#美联储FOMC会议 Cardano Stablecoin Proposal

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

Hoskinson pointed out that the current market capitalization of stablecoins on the Cardano network accounts for less than 10% of its total locked value (TVL) in DeFi, far 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 some funds to Bitcoin to promote Bitcoin DeFi activities.

Although Hoskinson emphasized that this conversion could be completed without significantly affecting market prices through over-the-counter (OTC) trading and time-weighted average price (TWAP) strategies, the proposal has 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 initiative will create 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 investment models in countries like Norway, preparing for future returns by investing in assets such as stablecoins and Bitcoin. If the proposal is approved, it will mark a significant step for Cardano in enhancing the DeFi ecosystem and attracting institutional investors.