#CardanoDebate Charles Hoskinson, the founder of Cardano, proposed using 140 million ADA (approximately 100 million dollars) from the treasury to boost the growth of decentralized finance (DeFi) by purchasing Bitcoin and specific Cardano stablecoins (USDM, USDA, IUSD). The value of ADA dropped by 6% following the announcement, amid the division within the cryptocurrency community. Some view this as a bold step towards the maturity of the ecosystem, while others see it as risky due to market conditions and governance concerns.
💬 What do you think about this proposal? How do you believe this decision will affect the value of ADA in the long term?