Cardano Proposes $100M ADA Swap for Bitcoin and Stablecoins: Boosting DeFi Ecosystem

Cardano founder Charles Hoskinson has proposed a strategic move involving converting $100 million worth of Cardano’s (ADA) native cryptocurrency to Bitcoin and stablecoins. This initiative aims to bolster the Cardano ecosystem, specifically its DeFi and stablecoin applications. The proposal has sparked debate within the community about potential price fluctuations and market competitiveness.