#CardanoDebate

Charles Hoskinson, the founder of Cardano, proposed using 140 million ADA (approximately 100 million USD) 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, amidst a continuing divide in the cryptocurrency community. Some see it as a bold step towards the maturation of the ecosystem, while others view 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?