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

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

Creating economic returns and fund 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 size, provide continuous support for the ecosystem, and create a virtuous cycle of funds.