PANews reported on June 16 that according to CryptoSlate, Solana co-founder Anatoly Yakovenko publicly opposed Cardano's proposal to convert $100 million in treasury funds into Bitcoin and stablecoins, calling the decision "extremely stupid." Yakovenko said that the project only needs to hold short-term government bonds for 18-36 months as emergency funds, questioning "why Bitcoin should be held for users."

The dispute stems from a proposal by Cardano founder Charles Hoskinson on June 14, which aims to enhance the liquidity of its DeFi ecosystem stablecoins. The community is worried that a large-scale sell-off of ADA will impact the price of the coin. Hoskinson argued that the market depth is sufficient to absorb the selling pressure, and pointed out that the current scale of stablecoins on the Cardano chain is only 33 million US dollars, which has endangered the development of the ecosystem. The proposal will be submitted at the "Rare Evo Annual Event".