Charles Hoskinson, the founder of Cardano, has suggested using 140 million ADA (about $100 million) from the Cardano treasury. The plan is to buy Bitcoin $BTC BTC and Cardano-based stablecoins like USDM, #USDC✅ , and IUSD to help grow DeFi (Decentralized Finance) on the Cardano network.
But the Cardano community has mixed feelings about it:
Some people think it’s a smart move to help Cardano become stronger and more useful.
Others worry that it’s too risky, especially with current market conditions and how decisions are made in the project (governance issues).
After this proposal was shared, ADA’s price dropped 6%, showing how uncertain the market is about the idea.
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💬 What do you think? Do you believe this plan will help $ADA grow in the long run, or could it backfire?
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