#CardanoDebate

Charles Hoskinson, the founder of Cardano, proposed using $140 million USD worth of ADA (approximately $100 million USD) from the treasury to boost the growth of decentralized finance (DeFi) by purchasing Bitcoin and stablecoins specific to Cardano (USDM, USDA, IUSD). The value of ADA fell by 6% following the announcement, amid ongoing division within the cryptocurrency community. Some see it as a bold step towards the maturation of the ecosystem, while others view it as fraught with risks due to market conditions and governance concerns.