#CardanoDebate However, not everyone is on board with Hoskinson's plan. Critics argue that converting such a large amount of ADA could lead to further price drops, exacerbating the current market weakness ¹. Some have suggested alternative solutions, such as minting a crypto-backed stablecoin using ADA and deploying it into liquidity pools alongside ADA on top of Cardano DEXs.

The debate has sparked a lively discussion within the Cardano community, with some supporting Hoskinson's plan and others expressing concerns about its potential impact on the market. The proposal has also exposed contrasting views between Cardano's founding leadership and its foundation's current executive team, highlighting the challenges of balancing growth and stability in the rapidly evolving world of cryptocurrency