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stablecoin conversion impact

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