Cardano founder Charles Hoskinson has unveiled plans to convert $100 million worth of ADA into Bitcoin and stablecoins, a move aiming to boost the network’s decentralized finance (DeFi) activity. This strategic initiative, announced on March 25th, 2023, is expected to significantly improve liquidity within Cardano’s ecosystem. Hoskinson believes this swap will propel Cardano’s DeFi growth and reshape market dynamics, although initial reactions have been mixed with a focus on improving on-chain liquidity. The proposed swap will convert around $100 million of ADA from the treasury into a blend of stablecoins and Bitcoin. Hoskinson suggested using time-weighted purchases, OTC desks, and iceberg orders to ensure a smooth and efficient execution, minimizing market slippage. Discussions about this proposal remain ongoing within the Cardano community, with some voicing concerns regarding potential impact on exchange order books while others remain optimistic about its long-term implications for the network’s growth.