$ADA
Hot debates shake the Cardano community.
In recent days, discussions within the Cardano community have intensified following a bold proposal to use 140 million ADA (equivalent to about 100 million dollars) from the project's treasury to boost the liquidity of stablecoins on the network.
š¹What is the crux of the controversy?
- The TapTools team proposed allocating these funds to support stablecoins like USDM, with the aim of strengthening the decentralized finance (DeFi) system on Cardano.
- Some believe that injecting this amount of ADA into the market could create **significant selling pressure** and negatively impact the price.
- Others, including Cardano's founder **Charles Hoskinson**, see this step as necessary to accelerate ecosystem growth and achieve sustainable revenue for the treasury.
š¹Divergent views:
ā Supporters: Consider it a strategic move to build a strong infrastructure for DeFi on Cardano.
ā Opponents: Believe the timing is inappropriate, especially given the current market weakness, and it may lead to a erosion of investor confidence.
