“Defi’s Stablecoins liquidity budget is already in the chain,” announced the Cardan Ecosystem Developer, known as the Millennial Elders.
In that message, published on X on September 16th, he mentioned the opening of the vote. Establishment of a financial fund Strengthen the liquidity of Cardano stubcoins.
The proposal, according to the official explanation, requires that “50,000,000 ADA support Cardano’s Decentralized Financial Ecosystem (DEFI) in creating the ADA and Stablecoins Fund supported by Fíat Money.”
The fund comes from the Cardano Ministry of Finance and represents 3.33% of these ADA holdings.
This plan is called Stablecoin Defi Liquidity Budget Voting will be available until October 16th unless approved by defi’s Stablecoins liquidity budget and that date.
At the time of writing this article, over 87% of “Dreps” (representative of Ada Holders) remain voting. a 9% of these representatives are in favor of the initiative, and 3% are opposedas seen in the following image:
Additionally, the SPO (a pool of participating operators responsible for verifying transactions at Cardano and producing blocks) and the Constitutional Committee (comprising seven representatives of the community, as explained by Cryptonoticia) must vote.
Liquidity and the Ministry of Finance Fund
“The main purpose of this budget proposal is to increase cardano liquidity, specifically to support stablecoins liquidity. The secondary goal is to generate revenue for the Ministry of Finance,” reads the voting document.
The requested resource is used in a 99% against the Defi protocol Decentralized exchange (DEX) and loan services.
The idea is to use them as the early capitals Increase the amount of stub coins on your network. According to the document, the fund must include only Stablecoins backed by Fíat Money from use in the defi protocol, and liquidity tokens only ADA.
The administration will remain in the hands of intelligent contracts Overseen by the Interim Committee Of the nine people who were publicly identified.
Budget Management will then oversee the new DAO Ministry of Finance (TDAO) with DREPS participating.
Sector analysts expressed their opinion on the possible proposal.
If the Treasury proposal is approved, Cardano’s stubcoin supply could double, depending on the price of the ADA, to over $50 million. This additional liquidity could enhance Defi and encourage more projects to launch stubcoins in ecosystems.
Cryptocurrency ecosystem analyst.
X-ray of Cardano stubcoin
According to data from the site, the Cardano Network currently has almost all of its own Stubcoin capitalizes $40 million. Second, this source reflects metric growth since March 2025.
Meanwhile, the same analyst mentioned above has stated that the current supply of stubcoin, supported by Cardano’s US dollars, is $26.6 million.
According to your data, the supply will be distributed as follows:
Native stubcoin (issued directly at Cardano):
- Condea/Mehen USDM is distributed by approximately 12.6 million people at over 3,000 addresses.
- Originally from Anzens/Emurgo, USDA has been distributed approximately 10 million times in approximately 300 directions.
The stablecoins are “bridged” via Wanchain:
- With 3.3 million distributions at around 1,900 addresses, USDC maintains relevant levels of use despite being imported from another network.
- USDT has recorded a low adoption rate of 715,000 distributions with around 1,800 addresses, compared to USDC.
According to experts, there are stub coins in total for around 7,000 Cardano addresses, and there are several Cardano addresses with multiple types.
Furthermore, he explained it The supply of traditional currency controls the market,USDC and USDT versions account for 15% of the total, 53% of the holders and 50% of the transactions.
In this way, the analyst Stablecoin Defi Liquidity Budget Progress, available liquidity Double and provide a stronger framework For the development of Cardano financial protocols.
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