Cardano’s Hoskinson Proposes Swap of $100 Million ADA for Bitcoin & Stablecoins to Boost DeFi

Cardano co-founder Charles Hoskinson has proposed a significant shift in the blockchain’s strategy, suggesting a massive conversion of $100 million worth of ADA to Bitcoin and stablecoins. This proposal, aimed at enhancing Cardano’s DeFi and stablecoin sectors, has sparked debate within the community. Hoskinson envisions allocating a substantial portion of the network’s treasury into these digital assets, citing the potential for increased liquidity and utility in the Cardano ecosystem.