The recent stablecoin proposal for Cardano has caused quite a stir, and as a long-term holder of ADA, I am paying close attention.

Speaking of which, this stablecoin is absolutely a crucial step for the Cardano ecosystem. Just think about it, DeFi is so popular right now, but the large price fluctuations have always been a headache. With a stablecoin, it’s like having an anchor in the DeFi world, which can greatly reduce trading risks and attract more people to participate.