According to @ItsDave_ADA, Cardano co-founder Charles Hoskinson has proposed converting $100 million of the treasury's ADA into a mix of Bitcoin (BTC) and Cardano-native stablecoins like USDM and USDA. Hoskinson stated this move aims to boost the Cardano DeFi ecosystem by increasing the stablecoin issuance to Total Value Locked (TVL) ratio from its current 10% to a target of 30-40%. He dismissed concerns that a sale of this size would negatively impact ADA's price. DefiLlama data shows Cardano's TVL at $356 million with only $31 million in stablecoins. Coinciding with this proposal, the ADA token's price climbed 3% to trade near $0.6460, breaking the $0.635 resistance level. This price action is supported by strong network fundamentals, as Cardano surpassed 1.3 million staking addresses, a milestone reported by TapTools, indicating sustained long-term investor confidence despite recent whale outflows of over 270 million ADA.

According to Charles Hoskinson, Cardano's co-founder, he suggested converting $100 million worth of ADA tokens into bitcoin (BTC) and stablecoins like USDA and USDM during a YouTube live stream to increase Cardano's stablecoin-to-TVL ratio from 10% to 30-40%. Hoskinson stated that this move would not impact ADA's price and would generate non-inflationary revenue for Cardano's DeFi ecosystem, as current data from DefiLlama shows only $31 million in stablecoins minted against $356 million TVL on Cardano.

According to @ItsDave_ADA, StrikeCardano, a Cardano-native protocol, allows traders to take long positions on ADA directly on-chain, providing non-custodial leveraged exposure without relying on centralized exchanges (source: @ItsDave_ADA, June 7, 2025). This development enhances trading flexibility and transparency for ADA holders, potentially increasing on-chain trading volume and liquidity within the Cardano ecosystem. For crypto traders, StrikeCardano's integration may offer new arbitrage and yield opportunities, further strengthening Cardano’s position as a DeFi contender.

According to @USDMOfficial, USDM retail minting has officially opened, enabling users to mint USDM stablecoins directly from their bank accounts. This development marks a significant milestone for Cardano as it simplifies fiat-to-crypto conversion and could increase USDM liquidity on Cardano-based DeFi platforms. Traders should monitor USDM trading pairs and liquidity pools on Cardano, as this new fiat onramp may drive higher volumes and impact yield farming and arbitrage opportunities (source: @USDMOfficial, Twitter).