B4Bit

06/18 07:34

Charles Hoskinson has proposed allocating $10

Charles Hoskinson has proposed allocating $100 million ADA to mint stablecoins and acquire Bitcoin, strengthening Cardano’s financial foundation.

 The plan aims to bring long-term yield, deepen liquidity, and position Cardano as a self-sustaining digital nation-state.

 OTC sales are expected to limit market disruption, with support from industry veterans like Emurgo CEO Phillip Pon.

 On June 12, Charles Hoskinson shared his vision for reshaping Cardano’s financial strategy with a bold $100 million proposal.  Highlighting the underperformance of stablecoin liquidity in the Cardano DeFi ecosystem, Hoskinson drew parallels with sovereign wealth funds like Norway’s and Abu Dhabi’s, which use diversification to ensure consistent returns

 Currently, Cardano’s stablecoin liquidity is less than 10% of its DeFi TVL.  Comparatively, Ethereum sits at 190% and Solana at 110%, indicating how far Cardano lags in this area.

 Hoskinson’s plan would deploy ADA from the treasury to mint stablecoins such as USDM, USDA, and iUSD and simultaneously purchase Bitcoin.  This dual effort would not only seed DeFi growth but also add stable yield generators into the treasury mix.

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