#Cardano may launch the world's first private stablecoin

Hoskinson believes that privacy and compliance can be combined by offering a stablecoin with selective data disclosure — when information is available only within the requirements of the law, for example, to counteract the financing of terrorism.

"Privacy can be maintained without losing compliance with regulatory requirements," he stated.

Similar attempts have already been made by the projects Firo and Zcash, implementing "whitelists of addresses" for exchanges. However, they failed to convince regulators, and their liquidity significantly dropped.

However, classic stablecoins are also facing certain problems. In the US, the bill to regulate stablecoins (GENIUS Act) did not pass a vote in the Senate, and Democrats warned of risks to consumers and financial stability.

Against this backdrop, the Cardano initiative appears to be an attempt to offer an alternative that will simultaneously protect user rights and comply with legislation.

It is worth noting that the CEO of the analytical crypto platform CryptoQuant, Ki Young Ju, predicts the emergence of "dark" stablecoins that will be independent of state control.$ADA