Cardano Founder Charles Hoskinson Proposes $100M ADA Treasury Shift to Bitcoin and Stablecoins to Boost DeFi
Cardano's founder Charles Hoskinson recently outlined a strategic initiative to enhance the platform's decentralized finance (DeFi) landscape by reallocating $100 million worth of ADA from the treasury. This capital is intended to be converted into Bitcoin and stablecoins such as USDM and USDA, aimi

Cardano’s founder Charles Hoskinson recently outlined a strategic initiative to enhance the platform’s decentralized finance (DeFi) landscape by reallocating $100 million worth of ADA from the treasury. This capital is intended to be converted into Bitcoin and stablecoins such as USDM and USDA, aiming to increase the stablecoin presence on-chain. Hoskinson emphasized that this reallocation would be executed without causing market disruption or liquidity issues, addressing community concerns directly.
Currently, stablecoins represent approximately 10% of Cardano’s Total Value Locked (TVL), a figure notably lower than that of competing ecosystems like Solana. This move signals a potential shift in Cardano’s approach to DeFi growth, despite previous statements from Cardano Foundation CEO Frederik Gregaard, who downplayed the importance of TVL as a metric. The proposal underscores a nuanced strategy to strengthen Cardano’s financial infrastructure by diversifying asset holdings and fostering greater stability within its ecosystem.
Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.
If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us