Cardano’s Hoskinson Defends $100M ADA-to-USDM Treasury Conversion Against Market Concerns
Cardano founder Charles Hoskinson has responded to community criticism regarding his proposal to convert 140 million ADA tokens from the ecosystem’s treasury into USDM stablecoin, defending the plan’s feasibility through over-the-counter trades and time-weighted average price mechanisms. The controversial proposal aims to address stablecoin liquidity shortages within Cardano’s DeFi ecosystem