Cardano founder proposes to exchange $100 million ADA for bitcoin and stablecoins

Charles Hoskinson, founder of Cardano, proposed in the live broadcast to use the US $100 million ADA in the treasury to exchange for bitcoin and stablecoins (USDM, USDA) to increase the proportion of stablecoins on the chain and the DeFi ecosystem. He said that this move will not affect the ADA market and refuted liquidity concerns.