Solana Joint Creation: Cardano's plan to exchange $100 million ADA for Bitcoin and stablecoins is' extremely foolish ' According to CryptoSlate, Solana co-founder Anatoly Yakovenko publicly opposes Cardano's proposal to convert $100 million in treasury funds into Bitcoin and stablecoins, calling the decision "extremely foolish". Yakovenko said that the project party only needs to hold short-term treasury bond for 18-36 months as emergency fund, and questioned "why should we hold Bitcoin for users". The controversy stems from a proposal by Cardano founder Charles Hoskinson on June 14th, aimed at enhancing the liquidity of its DeFi ecosystem stablecoin. The community is concerned that the large-scale sale of ADA will impact the coin price. Hoskinson argues that the market depth is sufficient to absorb the selling pressure and points out that the current Cardano stablecoin scale of only $33 million on the chain has endangered ecological development. The proposal will be submitted at the Rare Evo Annual Event.