Cardano founder proposes to restructure $100 million ADA reserve for enhancing Decentralized Finance ecosystem.

GateNews

2025-06-13 13:26:42

ADA9,48%

Gate News bot message, according to CoinDesk, Cardano founder Charles Hoskinson has proposed a reserve restructuring plan. He suggested converting a $100 million ADA reserve into Bitcoin and Cardano’s native stablecoins USDM and USDA, aiming to strengthen the Decentralized Finance and stablecoin ecosystem.

Hoskinson pointed out that the conversion operation will not cause drastic fluctuations in market prices. He also mentioned that currently only 10% of the TVL in relation to stablecoin issuance “is killing Cardano.” Data shows that the total TVL on the Cardano blockchain is $356 million, with the stablecoin portion accounting for only $31 million.

Source: CoinDesk

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GateUser-a7c5e5fa

· 2025-06-13 15:26

I clearly say I want to dump, one hundred million dollars, suckers catch it.

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