#卡尔达诺稳定币提案

Cardano Stablecoin Proposal

Cardano Founder Charles Hoskinson

Proposes 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 DeFi development,

the proposal aims to enhance the liquidity of stablecoins within the Cardano network,

which will help facilitate trading, market-making, and other activities within the ecosystem,

increase the total value locked (TVL) in the network,

and promote the growth of decentralized finance businesses.

Creating Economic Returns and Capital Circulation:

The proposal includes a self-sustaining economic model,

it is 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,

and provide ongoing support for the ecosystem, forming a virtuous cycle of capital.

Attracting Investment Institutions:

If implemented, the proposal may attract large venture capital firms such as a16z or Pantera Capital

to join the Cardano ecosystem,

bringing more funds and resources to the ecosystem, promoting its further development and growth.