Cardano: half a kingdom for a stablecoin? 👑💸
Charles Hoskinson made a move that caused a stir: he proposed to spend 140 million ADA from the treasury to buy BTC and its own stablecoins. For some — capitulation. For others — a strategic maneuver.
Why? To breathe life into Cardano's DeFi ecosystem, which lacks liquidity and trust. In a world where price stability is worth its weight in gold, stablecoins have become that magical potion.
Selling 'half a kingdom' is not a weakness. It is an acknowledgment that without bridges to the world of stability, even perfect code remains isolated. The question is whether a sacrifice will follow as a result. Or will it be a gambit where ADA finds itself on the throne again? ♟️👑🧠
