#CardanoDebate
The Cardano debate revolves around Charles Hoskinson's proposal to convert $100 million worth of ADA into Bitcoin and native stablecoins like USDM to boost DeFi growth and liquidity. This plan aims to address Cardano's stablecoin shortage, currently standing at $31 million, and achieve a 33-40% stablecoin-to-TVL ratio, up from the current 9%. The proposal has sparked controversy, with some community members warning of potential price drops and others suggesting alternative solutions like minting crypto-backed stablecoins. The debate highlights differing views on treasury management and ecosystem development within the Cardano community ¹ ².
