Charles Hoskinson Defends $100M ADA to USDM Stablecoin Plan, Dismisses Market Impact Fears
Cardano founder Charles Hoskinson has sparked debate in the crypto community with a proposal to convert 140 million ADA—worth approximately $100 million—into USDM, a stablecoin native to the Cardano blockchain. The aim: to inject liquidity into Cardano’s DeFi ecosystem and catalyze its growth. During a recent AMA session, Hoskinson addressed concerns over Cardano’s lagging stablecoin…