#CardanoDebate

Charles Hoskinson, the founder of Cardano, proposed using 140 million USD worth of ADA (approximately 100 million USD) from the treasury to enhance the growth of decentralized finance (DeFi) by purchasing Bitcoin and stablecoins specific to Cardano (USDM, USDA, IUSD). The value of ADA dropped by 6% following the announcement, amid ongoing division within the cryptocurrency community. Some see it as a bold step towards the maturity of the ecosystem, while others view it as risky given the market conditions and governance concerns.