#CardanoDebate

Impact of ADA on growth to ATH$3?

The founder of Cardano, Charles Hoskinson, proposed using 140M ADA (~$100M) from the treasury to support the development of DeFi by purchasing BTC and native Cardano stablecoins (USDM, USDA, IUSD).

ADA dropped 6% after the announcement, as the community remains divided. Some see it as a bold step towards the maturity of the ecosystem, while others argue that it is risky given the market conditions and concerns about governance.