#CardanoDebate

The founder of Cardano, Charles Hoskinson, proposed using 140 million ADA (~100 million USD) from the treasury to promote DeFi development by purchasing BTC and the native Cardano stablecoins (USDM, USDA, IUSD). ADA dropped 6% following this announcement as the community remains divided. Some view this as a bold move towards the maturity of the ecosystem, while others argue that it carries risks in the current market context and concerns about governance.