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#CardanoDebate – $100M for Stablecoins? Market Reacts ADA just took a 6% hit, dropping to $0.6412, after rejecting above $0.68 and testing lows near $0.625. The trigger? A fierce debate over a proposal to deploy 140M ADA (~$100M) from Cardano’s treasury to boost stablecoin liquidity. Charles Hoskinson came out defending the idea, saying the move would use OTC deals and algorithmic execution tools to minimize price impact. But not everyone’s convinced—especially with concerns around front-running and added sell pressure on ADA. The community’s split. Some see it as a major step forward for DeFi on Cardano. Others fear it’s too risky, too fast. Volume spiked near $0.622 before ADA rebounded slightly—but resistance at $0.64 remains firm. As macro volatility hits crypto broadly, this governance debate is adding fuel to the fire. The stakes are high—not just for ADA’s price, but for the future of Cardano’s DeFi ambitions.
Where do you stand?
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