#卡尔达诺稳定币提案 Cardano Stablecoin Proposal In the short term, its privacy stablecoin plan (such as selective disclosure mechanisms) may attract privacy-focused institutional users, breaking through the EU's 2027 privacy coin ban through a compliant path, but it needs to balance regulatory scrutiny pressure.

In the medium term, at the ecological level, the over-collateralization mechanism (such as the Djed dual-token design) and the injection of a stabilization fund are expected to alleviate the liquidity shortage issues in Cardano DeFi, but the founder's proposed conversion of 140 million ADA from the treasury may trigger concerns about selling, exacerbating market volatility;

In the long-term strategy, the integration of privacy features with RWA (such as USDA pegged to the US dollar and tokenized government bonds) could promote Cardano as a bridge connecting traditional finance and the crypto ecosystem, but it needs to face the challenges of the USDT/USDC dual oligopoly market structure. If this proposal is successfully implemented, it may reshape Cardano's competitiveness in payment, cross-border settlement, and asset management fields.