#CardanoDebate

Not everyone welcomed the plan. One of the most vocal critics was a Decentralized Representative (DRep) known as Whale, who posted his concerns on X. He acknowledged that stablecoin liquidity is a problem for Cardano, but warned that injecting $100 million worth of ADA into the market – especially under current conditions – could create dangerous sell pressure. Whale argued that such a large move, even if intended to help DeFi grow, could backfire by triggering front-running and further price instability. Instead, he proposed minting crypto-backed stablecoins, like ObyUSD, as a way to achieve liquidity without dumping ADA into the open market.

Hoskinson, however, pushed back hard. He dismissed the concern that the conversion would crash ADA’s price. According to him, ADA sees billions in weekly trading volume, and with smart execution through OTC channels and time-weighted pricing, the market can absorb the conversion without blinking.