Charles Hoskinson, founder of Cardano, has proposed using $100 million from the blockchain’s treasury to convert a portion of ADA into Bitcoin and stablecoins like USDM and USDA. This move aims to boost the proportion of stablecoins within the Cardano ecosystem and its decentralized finance (DeFi) sector. Hoskinson assured that this move won’t negatively impact the ADA market and addressed concerns about liquidity. Currently, stablecoin adoption on Cardano is relatively low, holding only around 10% of the total value locked (TVL). This contrasts with the views of Cardano Foundation CEO Frederik Gregaard who previously highlighted that TVL isn’t a critical metric for evaluating the ecosystem’s success.