Cardano (Ada) founder Charles Hoskinson suggested an idea of how Cardano (ADA) could take advantage of launching a liquidity pool with his three largest USD-Pegged Stablecoins. About 85% of his followers supported the proposal for USDA, DJ and USDM -Stable Cryptocurrencies.
Cardano (ADA) Community welcomes the idea of Charles Hoskinson of Stablecoin -based liquidity pools
Cardanos (ADA) Stablecoins USDA, DJED and USDM can be integrated into a again balanced liquidity pool to make the liquidity of the blockchain healthier. Such a proposal was shared yesterday, January 31, 2025, by Cardano (ADA) inventor Charles Hoskinson with his 1 million followers on X.
Should the community add to the annual budget a monthly purchase of USDA, USDM and DJED to be managed by an external company to improve liquidity in the ecosystem?
If not, comment on why or an alternative plan
– Charles Hoskinson (@iohk_charles) January 31, 2025
This hypothetical liquidity pool must be supplemented and managed monthly by an external entity with the aim of generating yields. Hoskinson asked community enthusiasts to share their opinions and present alternative ideas for liquidity concepts on Cardano (ADA).
From the pressure time, 5,227 followers of Hoskinson’s account participated in the poll, with almost 85% who supports the idea of such a pool.
The author also emphasized that only the Cardano (ADA) community should decide which entity should be responsible for external management. Critics of the idea assumed that Cardano (ADA) should be better charged with bringing USDC to its ecosystem instead of experimenting with native stablecoins.
Some of them added that all Stablecoins from Cardano (ADA) are too early stage to discuss the outlook that they are being managed in an external liquidity pool.
Reduce value to Cardano (ADA) ecosystem
The most important care of skeptics was the prospect to move the Stablecoin value outside the Defi Ecosystem of Cardano (ADA). Hoskinson tackles that Hoskinson emphasized that extra yield will be rejected in the liquidity of Cardano (ADA):
More mining and liquidity of Native Cardano stables that can enter our Defi space as a TVL and loans. And yes, it is when the profit is converted back into ADA and is donated to Treasury
According to the Defillama Tracker, the net capitalization of Cardano’s (ADA) Stablecoins focuses on $ 25 million in equivalent. Cardano’s Djed is the most popular Stablecoin in this segment with a capitalization of $ 3.29 million. Djed is available on Bitrue (BTR) CEX and on Wingriders and Minswap Decentralized Exchanges.
Other remarkable Cardano Stablecoins are IUSD, USDM and USDA.
This week, Cardano (ADA) made the headlines by activating his long -awaited hard fork Plomin in an offer for the ultimate phase of decentralization and community management.
