#CardanoDebate The founder of Cardano, Charles Hoskinson, has proposed using 140M ADA (~$100M) from the treasury to boost the growth of DeFi by purchasing BTC and native Cardano stablecoins (USDM, USDA, IUSD). ADA fell 6% following the announcement, as the community remains divided. Some see it as a bold step towards the maturity of the ecosystem, while others argue that it is risky given the market conditions and concerns about governance.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.