TechFlow news, June 13 — According to CoinDesk, Cardano founder Charles Hoskinson proposed during a live stream to allocate $100 million worth of ADA from the treasury and exchange it for Bitcoin and stablecoins (USDM, USDA) to increase the proportion of on-chain stablecoins and boost the DeFi ecosystem. He stated this move would not impact the ADA market and refuted concerns about liquidity. Currently, stablecoins on the Cardano chain account for only about 10% of TVL, significantly smaller than Solana's stablecoin ecosystem. This proposal contrasts with the view previously expressed by Cardano Foundation CEO Frederik Gregaard that "TVL is not a key metric."
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