#VietnamCryptoPolicy

The Cardano (ADA) currency has witnessed a notable decline, losing about 6% over the past sessions after failing to break the $0.68 level, dropping to around $0.625 before stabilizing near $0.641 at the close of trading. This came amid rising controversy within the Cardano community regarding the proposal to transfer part of the reserve—estimated at about 140 million ADA—to support the liquidity of stablecoins on the network.

Charles Hoskinson, the founder of Input Output Global, proposed this initiative with the aim of increasing the reserved value in the decentralized finance sector on Cardano from about 10% to between 33% and 40%, by investing part of the treasury in stablecoins and Bitcoin. Supporters hope this will enhance the depth of lending and trading markets and stimulate the launch of new protocols on the platform, while opponents warn of the risks of sudden selling pressure and price slip scenarios if the transfer is executed all at once or through large off-exchange trades.

On another note, ADA has recently benefited from its inclusion in the expanded Nasdaq index for digital currencies, leading to a slight price increase of about 3% and a trading volume increase of about 68%, while also strengthening the psychological support level near $0.70. Data showed