ADA declines amid the proposal to convert 100 million dollars from the Cardano treasury into stablecoins

The founder of Cardano, Charles Hoskinson, suggested converting 100 million dollars in ADA into stablecoins and Bitcoin.

The capital reassignment strategy aims to boost Cardano's DeFi ecosystem.

ADA has decreased more than 4% in the last 24 hours and is now seeking support at 0.60$ after seeing a rejection at the upper limit of a descending channel.#CardanoDebate