Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year

Charles Hoskinson suggests converting $100 million in ADA to USDM to improve stablecoin liquidity. The initiative could generate 5–10% annual returns, which Hoskinson proposes reinvesting into the treasury through ADA buybacks. He criticizes community inaction and highlights missed opportunities with partners like Circle. In a recent AMA session, Cardano founder Charles Hoskinson floated a bold proposal to enhance stablecoin liquidity in the Cardano ecosystem. Specifically, he suggested converting $100 million worth of ADA in the treasury into USDM, a native Cardano-backed stablecoin. Hoskinson noted that the Cardano treasury currently holds approximately 1.7 billion ADA. It could be partially utilized to deploy a liquidity initiative to jumpstart decentralized finance (DeFi) activity across the network. “We could convert a hundred million ADA into USDM, put financial infrastructure behind it, and start building up trading, market-making, and total value locked (TVL) in the Cardano ecosystem,” Hoskinson said. Related: Cardano’s Ecosystem Thrives: Nearing 100 Million Transactions and Growing TVL A Self-Sustaining Model to Grow the Treasury Hosk… The post Hoskinson: Cardano’s 1.7B ADA Treasury Could Earn $5–10 Million in ADA Each Year appeared first on Coin Edition .

Source: Coin Edition