Cardano's ADA token fell by over 6% as the community debates a $100 million liquidity proposal in stablecoins.

The ADA token of Cardano decreased by 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a $100 million treasury allocation proposal aimed at strengthening the DEFI ecosystem.

On Wednesday, the TapTools team asked their followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity to stablecoins like USDM and help boost Cardano's growing decentralized finance sector.

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