List of Flash News about ADA swap
Time | Details |
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2025-06-26 21:34 |
Charles Hoskinson Proposes $100M ADA Swap for Bitcoin and Stablecoins to Boost Cardano DeFi TVL
According to Charles Hoskinson, Cardano's co-founder, he suggested converting $100 million worth of ADA tokens into bitcoin (BTC) and stablecoins like USDA and USDM during a YouTube live stream to increase Cardano's stablecoin-to-TVL ratio from 10% to 30-40%. Hoskinson stated that this move would not impact ADA's price and would generate non-inflationary revenue for Cardano's DeFi ecosystem, as current data from DefiLlama shows only $31 million in stablecoins minted against $356 million TVL on Cardano. |