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Cardano DeFi strategy

Cardano Proposes $100 Million ADA Conversion to Boost DeFi Liquidity with Stablecoins and Bitcoin

The Cardano ecosystem is considering a significant strategic shift, with a proposal to convert $100 million worth of its native ADA cryptocurrency into stablecoins and Bitcoin. The primary objective is to enhance liquidity within Cardano’s decentralized finance (DeFi) sector and… Read More »Cardano Proposes $100 Million ADA Conversion to Boost DeFi Liquidity with Stablecoins and Bitcoin

Cardano Founder’s ADA-to-Stablecoin Conversion Plan Sparks Market Impact Concerns

Cardano co-founder Charles Hoskinson has proposed converting 140 million ADA tokens into USDM stablecoins to address liquidity shortages within Cardano’s decentralized finance ecosystem. The strategy involves using over-the-counter trades and time-weighted average price mechanisms to minimize market disruption while generating… Read More »Cardano Founder’s ADA-to-Stablecoin Conversion Plan Sparks Market Impact Concerns