{"content":"🚨 Cardano Slips as Hoskinson Proposes $100M Treasury Shift to Stablecoins Cardano creator Charles Hoskinson recommended turning $100 million ADA into stablecoins and Bitcoin. The capital reallocation method boosts Cardano's DeFi ecosystem. ADA dropped almost 4% in 24 hours and is currently targeting $0.60 following a rejection at the upper border of a declining channel. Cardano (ADA) fell 4% on Friday after creator Charles Hoskinson recommended converting $100 million of ADA into stablecoins and Bitcoin (BTC) to improve its ecosystem's stablecoin supply. Cardano treasury allocation plan decreases ADA 4%. Cardano co-founder Charles Hoskinson suggests turning $100 million in ADA tokens into Bitcoin and stablecoins. Hoskinson explained Cardano's low DeFi stablecoin supply on YouTube on Friday. "Cardano issues less stablecoins than DeFi. In the YouTube video, Hoskinson indicated it was little under 10%. DefiLlama data shows $31 million in stablecoins on Cardano and $273 million in TVL. Hoskinson said that the Cardano Foundation's treasury has no yield-bearing securities. However, opponents warned that the token sale might lower ADA's price further because to mounting pessimistic attitude. Hoskinson answered concerns, saying $100 million would not hurt the network. Cardano's stablecoin issuance ratio is 10%, however the fund conversion would increase it to 33% or 40%. Bitcoin might get $25 million to $50 million to boost DeFi activity and entice yield-seekers. "We're going to look at it and then we're going to syndicate that with a lot of the DeFi applications in the Cardano ecosystem and have a discussion about its practical readiness," he said. ADA is down 4% because to growing Israel-Iran conflict concerns. At $0.60, ADA may find support. If $0.60 fails, it might bounce off the channel's bottom barrier under greater downward pressure. On the upside, it must break the channel's upper barrier to reach $0.84. #CardanoDebate #IsraelIranConflict #TrumpTariffs #BTC110KSoon? #BinanceHODLerRESOLV $ADA $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/14/2099fb43d78f4d979dca4bff648a63d7.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}