#CardanoDebate

Cardano Boosts DeFi – Opportunity or Risk?

Charles Hoskinson – the founder of Cardano – has just proposed using 140 million ADA (~100 million USD) from the treasury fund to promote DeFi development. The plan includes purchasing BTC and native Cardano stablecoins such as USDM, USDA, and IUSD. This move has sparked controversy within the community, as the price of ADA dropped 6% following the announcement. Some believe this is a bold step that will help the ecosystem mature, while others are concerned about governance and market risks. Will ADA truly benefit in the long term?