#CardanoDebate
The founder of Cardano, Charles Hoskinson, proposed using 140 million ADA (~100 million USD) from the treasury to boost DeFi development by purchasing BTC and the native Cardano stablecoins (USDM, USDA, IUSD). ADA fell 6% after this announcement, as the community remained divided. Some view this as a bold move towards the maturity of the ecosystem, while others argue that it carries risks in the current market context and concerns about governance.
The founder of Cardano, Charles Hoskinson, proposed using 140 million ADA (~100 million USD) from the treasury to boost DeFi development by purchasing BTC and the native Cardano stablecoins (USDM, USDA, IUSD). ADA fell 6% after this announcement, as the community remained divided. Some view this as a bold move towards the maturity of the ecosystem, while others argue that it carries risks in the current market context and concerns about governance.