Cardano Proposes Major Shift in Reserves: From ADA to Bitcoin and Stablecoins

Charles Hoskinson, founder of Cardano, has proposed a significant reallocation of $100 million worth of ADA reserves into Bitcoin and stablecoins. He argues that the current 10% stablecoin-to-total value locked (TVL) ratio is hindering Cardano’s growth and DeFi adoption. Hoskinson proposes using these funds to increase stability, improve trading, and attract more developers to the platform.