Cardano considers offloading $100M ADA to jumpstart lagging DeFi and stablecoin ecosystem

The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 m...

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Cardano considers offloading $100M ADA to jumpstart lagging DeFi and stablecoin ecosystem

Source: CryptoSlate

The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 million worth of ADA from the network’s treasury towards a mix of stablecoins and Bitcoin. According to him: “[W]e take about a hundred million worth of ADA […]