#CardanoDebate Charles Hoskinson, founder of Cardano, has publicly proposed an investment of USD $100 million in ADA from the treasury of the Cardano Foundation. The purpose would be to support the native DeFi ecosystem on the network by acquiring assets such as Bitcoin and stablecoins created on the network, including USDM, USDA, and IUSD.

The idea came up during one of his regular live broadcasts on his YouTube channel. There, Hoskinson stated that the plan is still under evaluation by the senior management of the Cardano Foundation and other figures in the community, such as Dan Singleman, investment director of the Hoskinson Family Office.

This initiative responds both to the desire to strengthen decentralized finance and to the criticisms regarding the passive use of ecosystem funds.

Response to concerns about the price of ADA

Hoskinson directly addressed those who have expressed fear about a possible drop in the price of ADA if such a significant sale takes place. He argued that the current market liquidity is sufficient to absorb that amount without generating a strong impact.