#卡尔达诺稳定币提案 $100 million "gamble": Hoskinson's proposal sparks community debate and market turbulence

Cardano founder Charles Hoskinson's bold proposal has sent shockwaves through the crypto community—planning to use approximately **$100 million** worth of 140 million ADA from the Cardano Foundation's treasury to purchase Bitcoin (BTC) and Cardano's native stablecoins (USDM, USDA, IUSD) to stimulate the development of its DeFi ecosystem.

Upon the news, the market reacted quickly and negatively, with ADA's price dropping by **6%**. The community is sharply divided on the issue:

* **Supporters** believe this is a necessary move to mature the ecosystem. Purchasing Bitcoin can increase the diversity and stability of the treasury reserves, while bulk buying native stablecoins like USDM, USDA, and IUSD will directly inject crucial liquidity into Cardano's DeFi applications (such as DEXs and lending protocols), reduce user transaction friction, attract more funds and users, and ultimately benefit long-term ecosystem prosperity.

* **Opponents**, however, are deeply concerned. Critics point out that in the current highly volatile market environment, utilizing a massive ecological fund for such investments is excessively risky. The more core controversy lies in the governance model—whether such a significant fund allocation decision is sufficiently decentralized? Has it undergone adequate community discussion and authorization? Some opinions bluntly state that this move resembles “**betting with shareholders' money**,” harming the interests of token holders.