Mahesh Sudrik
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Cardano founder Charles Hoskinson has stirred major discussion by proposing the use of 140 million ADA (~$100M) from the treasury to purchase BTC and Cardano-native stablecoins like USDM, USDA, and iUSD. His goal? To strengthen Cardano’s DeFi ecosystem by increasing stablecoin liquidity and boosting non-inflationary revenue. While some hail it as a bold, long-term move, others fear it could create sell pressure and governance risks. 📉 ADA dropped nearly 6% following the announcement, reflecting market uncertainty.
This raises a big question: Should a treasury fund be used this way to fuel DeFi growth?
#CardanoDebate
This raises a big question: Should a treasury fund be used this way to fuel DeFi growth?
#CardanoDebate
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