Cardano co-founder Charles Hoskinson has proposed converting $100 million worth of (CRYPTO: ADA) from the protocol’s treasury into a mix of stablecoins and Bitcoin (CRYPTO: BTC).

The move, if implemented, would mark a significant step toward addressing the network’s low stablecoin liquidity and laying the groundwork for a decentralized sovereign wealth fund.

Speaking in a video message on June 12, Hoskinson explained the motivation behind the proposal: “Cardano has a disproportionately low ratio of stable coin issuance to our DeFi, it sits a little under 10%.”

By contrast, Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) record significantly higher ratios, at around 190% and 110% respectively, he said.

Hoskinson said the idea is still under internal review.

“What I’d like to see is, could we take about a …

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