#CardanoDebate refers to ongoing discussions in the Cardano community about a liquidity proposal of US$ 100 million for a stablecoin. The proposal aims to drive the long-term growth of the network but has sparked debate about the short-term economics of the ADA token. The price of ADA briefly fell during the debate but recovered slightly.

Context:

Liquidity Proposal:

The proposal involves injecting US$ 100 million in liquidity into the Cardano network to boost the use of stablecoin, possibly pegged to the US dollar.

Community Debate:

The Cardano community is discussing the merits of the proposal, particularly regarding its impact on the price of the ADA token and the long-term growth of the network.