Hoskinson Picks Stability Over Loyalty
Cardano founder Charles Hoskinson proposed converting $100 million worth of ADA reserves into BTC and native stablecoins like USDM and USDA - all to strengthen the ecosystem.
Honestly, I’m impressed. This seems like a smart, well-grounded move. After eight years of ADA’s existence, it’s clear: holding savings in ADA hasn’t been as profitable as in Bitcoin, and it’s certainly not as stable as in real stablecoins. Anyone looking at the charts will see that.
Let’s be real - admitting your own coin isn’t perfect is no easy task. The fact that Hoskinson is willing to do just that speaks volumes. It shows he’s not blinded by loyalty to ADA and is capable of making rational decisions that actually benefit the Cardano platform.
“But wait,” skeptics will say, “won’t this crash ADA’s price?”
Yes,
- this announcement alone could already impact the price,
- if the proposal goes through, it might hit harder,
- and if it’s executed - selling that much ADA for BTC and stablecoins - it’ll hit even more.
What matters more: trying to artificially prop up ADA’s price or building a reliable financial reserve to support Cardano’s long-term growth?
The market will decide ADA’s fair value. It doesn’t need help - and definitely not manipulation. Only shady actors try to inflate prices to dump worthless coins on others.
And if you're looking to swap ADA for any other crypto, you’ll always find the best rates on rabbit.io.
