Charles Hoskinson, the founder of Cardano, proposed using $140 million worth of ADA (about $100 million) from the treasury to boost 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, as the divide within the cryptocurrency community continues. Some view it as a bold step towards maturing the ecosystem, while others see it as risky given market conditions and governance concerns.

💬 What do you think of this proposal? How will this move affect the value of ADA in the long term?85050500897