Today's news about Cardano (ADA) focuses on the hot debate regarding the proposal by Charles Hoskinson, the founder of Cardano, to convert 140 million ADA (approximately 100 million dollars) from reserves into stablecoins such as USDM and Bitcoin to increase liquidity in the DeFi ecosystem. ADA has recorded a 6% price drop to $0.6412, which is a reaction to market volatility and community concerns. Critics, like @cardano_whale, warn of the potential negative impact of the sale on the price, suggesting alternative solutions like ADA-based stablecoins. Hoskinson counters the allegations, claiming that the market can absorb the conversion without disruptions through OTC and TWAP strategies. The proposal aims to increase the share of stablecoins in Cardano's TVL from 10% to 33-40%. $ADA