The Cardano Stablecoin Proposal, valued at 18,329,425,062, was put forward by Cardano founder Charles Hoskinson. The main points are as follows:

- Fund Conversion: Convert $100 million worth of the native token ADA in the Cardano treasury into the ecosystem's fiat stablecoin USDM to enhance the liquidity of stablecoins in the network.

- Collaboration Plan: Partner with major hedge fund Brevan Howard to enhance key activities within the ecosystem, including Total Value Locked (TVL) and market making.

- Earnings and Reinvestment: The plan is expected to achieve an annual yield of 5%-10%, with the generated income used to purchase ADA from the public market and return it to the treasury to expand the treasury size and provide ongoing support for the ecosystem.

- Attracting Investment: The stablecoin liquidity strategy could also attract top venture capitalists such as a16z and Pantera Capital to join the Cardano ecosystem, with transaction sizes ranging between $25 million and $45 million.

Additionally, Cardano plans to launch a privacy stablecoin. This stablecoin is based on its unique blockchain architecture and consensus mechanism, utilizing the Ouroboros consensus protocol, introducing zero-knowledge proof technology, and relying on the privacy sidechain Midnight to offer a cash-like anonymous payment experience, balancing privacy and compliance.