Cardano Founder Dismisses Price Impact from $100M ADA to Stablecoin Conversion

Charles Hoskinson, founder of Cardano, has publicly addressed concerns regarding a proposed conversion of 100 million ADA from the Cardano treasury into USDM, a Cardano-native stablecoin. Despite the substantial amount, Hoskinson asserts that such a move is unlikely to have a significant negative impact on ADA’s market price, citing robust market depth and strategic conversion …

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