#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 associated with Cardano (USDM, USDA, IUSD). The value of ADA dropped by 6% following the announcement, amid ongoing divisions within the cryptocurrency community. Some see it as a bold step towards the maturity of the ecosystem, while others view it as risky given the market conditions and governance concerns.
