#CardanoDebate

Cardano founder Charles Hoskinson has put forth a significant proposal to inject 140 million ADA (approximately $100 million USD) from the treasury into the DeFi ecosystem. The plan involves using these funds to purchase Bitcoin (BTC) and Cardano-native stablecoins like USDM, USDI, and IUSD. This move aims to boost DeFi liquidity and adoption within the Cardano network. The announcement, however, has divided the community, with some seeing it as a bold and necessary step for growth, while others express caution. Following the news, ADA experienced a price drop of 6%, and BTC saw a slight decrease of 0.07%. This "gamble" by Hoskinson is being watched closely to see if it leads to a "DeFi moonshot" or "treasury trouble" for Cardano.