#CardanoDebate Charles Hoskinson, who created Cardano, wants to use a lot of money (140 million of the Cardano coin, ADA, which is like 100 million dollars) that they have saved. For what? To grow the decentralized finance (DeFi) part of Cardano.
The idea is to buy Bitcoin and other stablecoins (like USDM and USDA) that operate within Cardano. This would give Cardano more stablecoins and allow it to generate money in a new way, without having to create more ADA.
But this has divided people. Some believe it is a very good step for Cardano to mature. Others think it is risky, especially now with the market as it is, and they are concerned about how these decisions will be made.
Knowing this, the Cardano coin (ADA) dropped 6% of its value.
