#CardanoDebate

ADA drops by 6% while the Cardano community debates a proposal for $100 million in stablecoin liquidity.

Cardano's ADA token fell by 6.01% to 0.6412 $ as the market reacted to both macroeconomic volatility and a lively debate on governance regarding a $100 million treasury allocation proposal aimed at strengthening the DeFi ecosystem.

On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (approximately $100 million) to provide liquidity to stablecoins like USDM and help boost Cardano's rapidly growing decentralized financial sector.