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