#CardanoDebate đ Latest News Snapshot
1. Price dip amid stablecoin liquidity debate
ADA dropped roughly 6% on June 13, falling from about $0.68 to lows near $0.625 before rebounding to ~$0.64 .
This movement stemmed from heated discussion within the Cardano community around a proposal to deploy 140 million ADA (ââŻ$100M) from the treasury to boost stablecoin liquidity .
2. Charles Hoskinson defends the proposal
Hoskinson argues the treasury could be used gradually via OTC trades and execution tools to reduce market impact .
He admitted that Cardano's âstablecoin situationâ is a weak spot hurting its DeFi growth .
3. Community divided
Some investors and influencers are wary, warning that such a large token release could worsen price declines due to front-running and dumping .
Others believe strengthening stablecoin liquidity is a necessary step to unlock Cardanoâs DeFi potential.
---
đ§ What This Means
Short-term: Volatility is likely to continue as debates unfold and market participants react.
Mid- to Long-term: If executed carefully, boosting stablecoin liquidity could revitalize Cardanoâs DeFi ecosystem and restore trader interest.
