Hoskinson proposes $100M ADA swap to boost Cardano DeFi

#Cardano co-founder Charles Hoskinson has suggested converting $100 million worth of $ADA from the project’s treasury into a mix of bitcoin and Cardano-based stablecoins such as USDM and USDA. The move aims to boost the network’s #DeFi ecosystem by increasing #stablecoin issuance and total value locked (TVL). Hoskinson argued the sale would not negatively affect ADA’s price and described critics of the idea as inexperienced.