<ul data-eligibleForWebStory="true"><li>Charles Hoskinson proposes converting $100 million worth of ADA into stablecoins like USDM and USDA, as well as Bitcoin, to boost Cardano's DeFi and stablecoin ecosystem.</li><li>Hoskinson aims to increase Cardano's stablecoin-to-TVL ratio from 10% to between 30% and 40% to stimulate growth, criticizing the current ratio for hindering development.</li><li>Cardano's total value locked (TVL) is $356 million, with only $31 million in minted stablecoins, showing underperformance compared to competitors like Solana with $9.8 billion TVL and $11 billion in minted stablecoins.</li><li>Critics express concerns that selling $100 million ADA could affect the token's price, but Hoskinson assures responsible management to prevent market disruptions and dismisses skeptics' criticisms as unfounded.</li><li>If approved, the conversion plan could signify a strategic shift for Cardano, enhancing its competitiveness in DeFi and stablecoin sectors.</li></ul>

Hoskinson Proposes $100M ADA Conversion to Boost Cardano DeFi and Stablecoin Ecosystem

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