Charles Hoskinson Proposes $100M Bitcoin and ADA Swap: Will ADA’s Price Drop?


Cardano’s founder, Charles Hoskinson, has proposed converting $100 million of $ADA reserves into Bitcoin ( $BTC) and stablecoins like USDM and USDA to boost Cardano’s DeFi ecosystem. The goal is to raise the stablecoin-TVL ratio from 10% to 30-40%. With Cardano’s TVL at $356 million and only $31 million in stablecoins, Hoskinson believes this move is necessary. Critics worry it could impact ADA’s price, but Hoskinson dismisses these concerns, focusing on long-term growth. DYOR before making decisions, as always

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June 13, 2025 at 4:56 PM
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