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Cardano's Hoskinson Defends $100M ADA-to-USDM Treasury Conversion Against Market Concerns
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Charles Hoskinson wants to give the Cardano ecosystem a solid financial injection. In a recent livestream, the founder proposes to invest $100 million in ADA from the treasury in Bitcoin and two stablecoins on the Cardano network: USDM and USDA. According to him, this should ensure a... The post Hoskinson wants to invest $100 million in ADA for Cardano growth appeared first on Blockchain Stories.
Cardano's Hoskinson Defends $100M ADA-to-USDM Treasury Conversion Against Market Concerns
The post Cardano’s Hoskinson Defends $100M ADA-to-USDM Treasury Conversion Against Market Concerns appeared on BitcoinEthereumNews.com. Charles Hoskinson proposes converting 140M ADA to USDM via OTC and TWAP mechanisms DReps voice concerns about market impact despite planned gradual execution strategy Cardano’s 9.65% stablecoin-to-TVL ratio lags behind Ethereum’s 195.3% and Solana’s 127.4% Cardano founder Charles Hoskinson has responded to commu…
Cardano’s founder evaluates an ambitious plan to energize his DeFi ecosystem through a strategic investment of ADA’s treasury. This would be about $100 million, which would be used to buy BTC and stablecoins. *** The Cardano Foundation could invest $100 million ADA in native stablecoins and Bitcoin. Hoskinson states that the sale would be gradual and would not significantly affect the price of ADA. The plan seeks to strengthen the DeFi ecosystem…
Cardano founder Charles Hoskinson proposed converting $100 million worth of ADA reserves into Bitcoin (BTC) and Cardano-based stablecoins (USDM, USDA) to strengthen the ecosystem. In a live broadcast, Charles Hoskinson said that Cardano (ADA)… Radical H...
Charles Hoskinson floats $100m ADA treasury reboot to stabilize Cardano ecosystem
With just $31 million in stablecoins against $356 million in total value locked, Cardano’s founder has proposed unprecedented treasury diversification into Bitcoin and native dollar-pegged assets to boost the network’s decentralized finance and stablecoin ecosystem. On June 12, Cardano co-founder…
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