#CardanoDebate

ADA) Faces Volatility with Charles Hoskinson’s $100M DeFi Proposal

As of June 14, 2025, 08:21 PM IST, Cardano (ADA) has dropped 6% to $0.63 on Binance following a bold proposal by founder Charles Hoskinson. He suggests allocating 140 million ADA (~$100M) from the treasury to boost DeFi growth by purchasing Bitcoin (BTC) and Cardano-native stablecoins (USDM, USDA, IUSD). This move aims to enhance Cardano’s ecosystem maturity, leveraging its proof-of-stake blockchain and Total Value Locked (TVL) potential.