#CardanoDebate

The founder of Cardano, Charles Hoskinson, proposed to use 140 million ADA (~$100 million) from the treasury to stimulate DeFi growth by purchasing BTC and Cardano's own stablecoins (USDM, USDA, IUSD). ADA dropped by 6% after the announcement, as the community remains divided.

Why did this happen?

Perhaps it happened because, in my opinion, Charles Hoskinson's proposal to use 140 million ADA to stimulate DeFi growth is an interesting yet ambiguous step. On one hand, investing in BTC and its own stablecoins could strengthen the Cardano ecosystem and attract more users. This could indeed be a step towards stability and development for the platform.

On the other hand, in an unstable market, such actions might pose additional risks. Many users may feel insecure if funds are directed towards risky investments. It is important for the community to be involved in such decisions and understand how it will affect Cardano's future. Overall, it is necessary to carefully weigh all risks and opportunities before making a final decision.