#CardanoDebate

Charles Hoskinson proposed to use 140 million ADA (~100 million dollars) from the Cardano treasury to stimulate DeFi by purchasing BTC and Cardano-based stablecoins (USDM, USDA, IUSD). This move has sparked a divided reaction within the community: some support the initiative as a pathway to the ecosystem's maturity, while others view it as risky due to current market conditions and governance issues.

Support for the proposal is growing: 85% of respondents in Hoskinson's survey expressed support for creating a liquidity pool with USDA, DJED, and USDM.

However, there is also criticism: some believe that Cardano should integrate USDC instead of experimenting with its own stablecoins, which have yet to achieve widespread adoption.

This move could impact the long-term value of ADA, depending on the success of its implementation and market reaction.