On June 16, Solana co-founder Anatoly Yakovenko publicly opposed Cardano's proposal to sell US$100 million in ADA to purchase Bitcoin and stablecoins, calling the decision "too stupid." Yakovenko said that the project party only needs to hold 18-36 months of short-term treasury bonds as emergency funds, questioning "why hold Bitcoin for users." The controversy stems from a June 14 proposal by Cardano founder Charles Hoskinson to enhance the liquidity of its DeFi ecosystem stablecoin. The community is worried that a large-scale ADA sell-off will impact the currency price. Hoskinson argued that the market is deep enough to absorb the selling pressure, and pointed out that the current size of the stablecoin on the Cardano chain is only US$33 million, which threatens ecological development.