The Cardano co -founder, Charles Hoskinson, has floated the idea of converting $ 100 million into tokens ada in bitcoin
and Stablecoins.
“We could take $ 100 million in the Treasury, turn it into a mixture of Stablecoins Title in Cardano, so that USDM and USDA and turn some of it into Bitcoin to Prime Bitcoin Defi,” Hoskinson said in a live YouTube broadcast.
Then he responded to critics who said that a sale of $ 100 million would affect the price of Ada, calling them “inexperienced” before adding that the sale “would not cause any problem.”
The objective of the sale would be to obtain the proportion of emission of stablecoin and TVL to around 30% to 40% compared to the current of approximately 10%.
The total value blocked in Cardano is $ 356 million with only $ 31 million in stablcoins coined in the chain, as shown in defillion data.
Meanwhile, Solana has $ 9.8 billion on TVL and $ 11 billion in Stablcoins coined in the chain.
In a tweet, Hoskinson said that Stablecoin’s situation is “killing Cardano” and that the proposal would generate “non -inflation revenues” and would help build Cardano Defi’s economy.
Hoskinson’s comments disagree with those of the CEO of the Cardano Foundation, Frederik Gregaard, who told Coendesk in March that TVL is not a metric that he used for adoption.
