Cardano’s $100M Treasury Move Sparks Controversy
Charles Hoskinson has proposed allocating 140 million ADA (roughly $100M) from the Cardano treasury to purchase Bitcoin and native stablecoins like USDM, USDA, and iUSD — aiming to jumpstart Cardano’s DeFi growth.
🚨 The reaction was immediate: ADA dropped nearly 6%.
💥 Why? The community is sharply divided:
Supporters say: “This could finally give Cardano DeFi the push it needs.”
Critics argue: “It’s a risky move, poorly timed, and highlights weak governance.”
While the plan could bring real utility and liquidity to Cardano, many feel it’s too soon — and too uncertain. A bold vision or a dangerous gamble? The community is watching closely.
