Cardano Proposes $100 Million ADA Swap for Bitcoin & Stablecoins to Boost DeFi

Cardano has unveiled a plan to allocate $100 million in ADA towards a swap with Bitcoin and stablecoins, aiming to bolster its decentralized finance (DeFi) ecosystem. The proposal seeks to increase the adoption of stablecoins within Cardano’s DeFi landscape, but its efficacy remains under scrutiny. Community perspectives on the initiative vary significantly.