Cardano (ADA) founder Charles Hoskinson has proposed a bold move: converting $100 million worth of ADA reserves into Bitcoin (BTC) and stablecoins USDM and USDA to foster a stronger DeFi and stablecoin ecosystem. 💰 This proposal comes following his outspoken statements about the current state of Cardano’s DeFi landscape. 🎙️ Hoskinson aims to increase the stablecoin-TVL ratio from its current 10% to 30-40%, believing this will bolster Cardano’s performance. 📈 He argues that the existing 10% ratio is currently hindering Cardano’s growth. 📉 According to DefiLlama data, Cardano’s total TVL stands at $356 million while stablecoin values remain limited at just $31 million. 🤔 In contrast, Solana boasts a staggering $9.8 billion in TVL and over $11 billion in stablecoins minted on-chain. 📈 Despite some questioning the impact on ADA price, Hoskinson dismissed these concerns as unfounded. He contends that this move won’t negatively affect the cryptocurrency’s value. *This is not investment advice.*