According to a report from CoinDesk on June 13, Cardano founder Charles Hoskinson proposed in a livestream to use 100 million USD worth of ADA from the national treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to enhance the on-chain stablecoin proportion and the DeFi ecosystem. He stated that this move would not impact the ADA market and refuted liquidity concerns. Currently, on-chain stablecoins on Cardano account for only about 10% of TVL, which is far lower than Solana's stablecoin ecosystem scale. This proposal diverges from the viewpoint previously emphasized by Cardano Foundation CEO Frederik Gregaard that 'TVL is not a key metric.'

ADA12.32%
BTC1.03%
DEFI2.44%
SOL13.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)