#CardanoDebate The ADA token of the Cardano network decreased by 6.01% to $0.6412 amid market volatility and discussions about a proposal to allocate $100 million from the treasury for the DeFi ecosystem.

The TapTools team proposed to allocate 140 million ADA (approximately $100 million) to enhance the liquidity of stablecoins, such as USDM.

Some community members are against this initiative:

User @cardano_whale warned that introducing 140 million ADA could create selling pressure in the current market, which would negatively affect prices.

He suggested issuing cryptocurrency-backed stablecoins, such as ObyUSD, to reduce direct selling pressure.