Charles Hoskinson proposes $100 million ADA investment to boost Cardano DeFi ecosystem 💸
Charles Hoskinson, a prominent figure in the cryptocurrency world, has put forward a proposal to inject $100 million worth of ADA into boosting Cardano's DeFi ecosystem. The investment aims to drive the development and adoption of decentralized finance within the Cardano network.
The foundation plans to acquire various assets, including Bitcoin, as well as Cardano-native stablecoins such as USDM, USDA, and IUSD, to solidify its financial infrastructure.
This substantial investment demonstrates Cardano's commitment to expanding its DeFi offerings and taking a more active role in the market.
Source: www.theblockcrypto.com ↗
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