Hoskinson’s Plan: $100 Million ADA Conversion to Power Cardano DeFi

Charles Hoskinson has proposed a significant initiative to revitalize Cardano’s decentralized finance (DeFi) sector and bolster its stablecoin ecosystem. He aims to convert $100 million worth of Cardano native asset (ADA) from the network’s treasury into a diverse mix of stablecoins, such as USDM and USDA. Additionally, he plans to allocate a portion for Bitcoin to establish Prime Bitcoin DeFi. 💰