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Cardano's ADA token dropped more than 6% while the Cardano community debates a $100 million liquidity proposal in stablecoins.
The ADA token of Cardano fell more than 6% as Charles Hoskinson defended a proposal to deploy 140 million ADA from the treasury in order to boost stablecoin liquidity.
The ADA token of Cardano decreased by 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a $100 million treasury allocation proposal aimed at strengthening the DeFi ecosystem.
On Wednesday, the TapTools team asked their followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity to stablecoins like USDM and help bolster Cardano's growing decentralized finance sector.
The ADA token of Cardano fell more than 6% as Charles Hoskinson defended a proposal to deploy 140 million ADA from the treasury in order to boost stablecoin liquidity.
The ADA token of Cardano decreased by 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a $100 million treasury allocation proposal aimed at strengthening the DeFi ecosystem.
On Wednesday, the TapTools team asked their followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity to stablecoins like USDM and help bolster Cardano's growing decentralized finance sector.
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