The proposal for the Cardano stablecoin with the ID #卡尔达诺稳定币提案 refers to the suggestion made by Cardano founder Charles Hoskinson to convert $100 million worth of ADA in the treasury into the Cardano-native supported stablecoin USDM. This proposal has multiple implications:

Enhancing ecosystem liquidity: Stablecoins are a crucial foundation for the development of DeFi. The proposal aims to increase the liquidity of stablecoins within the Cardano network, facilitating trading, market-making, and other activities within the ecosystem, thereby boosting the total value locked (TVL) and promoting the development of decentralized financial services.

Creating economic returns and capital circulation: This proposal includes a self-sustaining economic model, expected to achieve an annualized return of 5%-10%. The returns will be used to purchase ADA from the open market and return it to the treasury, helping to reduce the circulating supply of ADA, expand the treasury scale, provide ongoing support for the ecosystem, and create a positive capital cycle.