PANews reported on April 2 that according to CoinDesk, the Arbitrum Foundation began selling ARB tokens in exchange for stablecoins before its token holder governance community "approved" the organization's nearly $1 billion budget, sparking community controversy. According to Atrick McCorry, an insider, the Arbitrum Foundation believes that the comprehensive governance package Arbitrum Improvement Proposal (AIP-1) is an "approval" of decisions it has already made, such as receiving 7.5% of all ARB tokens. To this end, the foundation has begun using these tokens for the benefit of the DAO, including converting some funds into stablecoins for operational purposes.