#CardanoDebate Arguments for: Hoskinson argues this move would enhance the liquidity of stablecoins within Cardano's DeFi ecosystem, which he believes is currently too low ($33 million) and hindering development. It could attract more liquidity and users to the Cardano network.

Arguments against: Many in the community are concerned that a large-scale sale of ADA could negatively impact its price. Solana co-founder Anatoly Yakovenko publicly criticized the proposal, calling it "extremely foolish" and questioning the need for project teams to hold Bitcoin on behalf of users. There are also concerns about governance and the risk involved in such a conversion.