#CardanoDebate Cardano's ADA token dipped more than 6% as Charles Hoskinson defended a proposal to deploy 140M ADA from the treasury to kick-start stablecoin liquidity.

ADA fell 6.01% to $0.6412 after rejecting above $0.68 and testing lows near $0.625, according to CoinDesk Research's technical analysis model.

The Cardano community is split over proposed $100M allocation to support stablecoin liquidity.