$BTC The ADA currency experienced a sharp decline of about 6% following a split in the Cardano community over a proposal to withdraw 100 to 140 million ADA from the treasury to support stablecoin liquidity within the system.

🔍 Debate between two teams:

Supporters, led by Charles Hoskinson, believe that this step is necessary to enhance DeFi and expand the use of the treasury, with well-thought-out plans to mitigate impact through OTC deals and tools like TWAP.

Opponents fear potential selling pressure due to the public announcement of the amount, which could cause excessive downturns, and prefer to focus on launching stablecoins backed by crypto collateral instead of dumping ADA.