$BTC
Cardano’s founder, Charles Hoskinson, has suggested allocating 140 million ADA (approximately $100 million) from the network’s treasury to stimulate DeFi expansion. The plan involves acquiring Bitcoin and Cardano-based stablecoins like USDM, USDA, and IUSD. Following the news, ADA saw a 6% dip, as the proposal stirred mixed reactions. Supporters view it as a progressive step toward ecosystem growth, while critics raise concerns about timing, risk, and governance transparency.
💬 What are your thoughts on this move? Could it enhance ADA’s long-term value, or is it a gamble in uncertain market conditions?
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