In the Cardano ecosystem, the development of stablecoins is beginning to shine, with US dollar-pegged assets like USDA and USDM driving a 30% month-over-month increase in their stablecoin market capitalization, approaching $30 million. However, compared to Ethereum and others, the market capitalization of Cardano's stablecoins accounts for only 9.65% of the total locked value, showing a significant gap. Currently, there are proposals to convert some ADA into the stablecoin USDM to improve liquidity, but this also faces controversy over market risks.