#CardanoDebate The #CardanoDebate is heating up, with Cardano's co-founder Charles Hoskinson at the center of the controversy. Recently, Hoskinson proposed a plan to convert 140 million ADA tokens from the treasury into stablecoins to boost liquidity and solve Cardano's stablecoin shortage. This move aims to address the network's limited stablecoin supply, which has been hindering its DeFi growth.

However, not everyone is on board with Hoskinson's plan. Critics argue that converting such a large amount of ADA could lead to further price drops, exacerbating the current market weakness ¹. Some have suggested alternative solutions, such as minting a crypto-backed stablecoin using ADA and deploying it into liquidity pools alongside ADA on top of Cardano DEXs.

The debate has sparked a lively discussion within the Cardano community, with some supporting Hoskinson's plan and others expressing concerns about its potential impact on the market. The proposal has also exposed contrasting views between Cardano's founding leadership and its foundation's current executive team, highlighting the challenges of balancing growth and stability in the rapidly evolving world of cryptocurrency.

As the debate continues, one thing is clear: the future of Cardano hangs in the balance, and the decisions made now will have far-reaching consequences for the network and its users.