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$Cardano’s Treasury Strategy Targets Bitcoin DeFi Boom
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The post Cardano’s Treasury Strategy Targets Bitcoin DeFi Boom appeared first on Coinpedia Fintech News
Cardano is making strategic moves to strengthen its DeFi ecosystem, backed by solid fundamentals and community support. With its treasury holding around 1.7 billion ADA, founder Charles Hoskinson has laid out plans to convert a portion into stablecoins to fuel liquidity and long-term growth.
However this new proposal has ignited discussion in the Cardano ecosystem, suggesting a strategic deployment of the blockchain’s billion-dollar treasury to bring in both Bitcoin and stablecoin liquidity. Andrew Throuvalas, a researcher and Bitcoin advocate, believes Cardano is uniquely positioned to lead the next phase of Bitcoin DeFi, and the moment to act is now.
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