A Look at How Two Top Blockchains, Cardano and Polkadot, Plan to Build on Top of Bitcoin
- Hoskinson’s $100M ADA shift targets a stronger BTC role in cross-chain DeFi growth.
- Cardano’s UTXO model enables BTC DeFi use without sacrificing Bitcoin exposure.
- Polkadot eyes BTC treasury move to boost liquidity and hedge DOT underperformance.
Charles Hoskinson is making headlines with his plan to convert $100 million worth of ADA treasury into Bitcoin and Cardano-based stablecoins. His aim is to strengthen Bitcoin’s presence in decentralized finance (DeFi), a vision he believes is both timely and critical.
With ADA liquidity shifting toward BTC and Cardano-native stablecoins like USDM and USDA, Hoskinson is betting on a future where Bitcoin plays a major role in cross-chain DeFi. Dismissing critics who fear price disruption, he remains confident this strategy will enhance long-term utility and market alignment between Cardano and Bitcoin.
Cardano’s Plan to Power Bitcoin DeFi with Its Treasury
Hoskinson’s proposal is to use a portion of Cardano’s 1.7 billion ADA treasury to create a dedicated liquidity fund and now it’s closer to a reality. Upgrades like Taproot have enabled Bitcoin to support more complex smart contract functionality.
In…
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A Look at How Two Top Blockchains, Cardano and Polkadot, Plan to Build on Top of Bitcoin
- Hoskinson’s $100M ADA shift targets a stronger BTC role in cross-chain DeFi growth.
- Cardano’s UTXO model enables BTC DeFi use without sacrificing Bitcoin exposure.
- Polkadot eyes BTC treasury move to boost liquidity and hedge DOT underperformance.
Charles Hoskinson is making headlines with his plan to convert $100 million worth of ADA treasury into Bitcoin and Cardano-based stablecoins. His aim is to strengthen Bitcoin’s presence in decentralized finance (DeFi), a vision he believes is both timely and critical.
With ADA liquidity shifting toward BTC and Cardano-native stablecoins like USDM and USDA, Hoskinson is betting on a future where Bitcoin plays a major role in cross-chain DeFi. Dismissing critics who fear price disruption, he remains confident this strategy will enhance long-term utility and market alignment between Cardano and Bitcoin.
Cardano’s Plan to Power Bitcoin DeFi with Its Treasury
Hoskinson’s proposal is to use a portion of Cardano’s 1.7 billion ADA treasury to create a dedicated liquidity fund and now it’s closer to a reality. Upgrades like Taproot have enabled Bitcoin to support more complex smart contract functionality.
In…
The post A Look at How Two Top Blockchains, Cardano and Polkadot, Plan to Build on Top of Bitcoin appeared first on Coin Edition.
Read More