#卡尔达诺稳定币提案
According to the latest developments in 2025, Cardano founder Charles Hoskinson has proposed several strategic plans related to stablecoins, aiming to promote the development of decentralized finance (DeFi) through technological innovation and ecosystem integration. Below is a summary of key proposals and progress:
1. Privacy Stablecoin Development Plan
In May 2025, Hoskinson announced that Cardano would launch a stablecoin that offers cash-level privacy protection while ensuring regulatory compliance. This stablecoin will adopt a selective disclosure mechanism, allowing users to hide certain information during transactions while still meeting anti-money laundering (AML) and anti-terrorism financing requirements.
- Background and Challenges: Privacy cryptocurrencies (such as Monero, Zcash) have been delisted by exchanges due to regulatory pressure, and the EU plans to ban the trading of privacy digital assets by 2027. Cardano aims to find a balance between privacy and compliance to avoid repeating past mistakes.
- Market Opportunity: The current stablecoin market size is $243 billion, while the total market capitalization of stablecoins on the Cardano chain is only $31.5 million, indicating significant potential for growth.
2. $100 Million ADA Exchange for Stablecoins Proposal
In June 2025, Hoskinson proposed using $100 million ADA from the Cardano treasury to exchange for Bitcoin and stablecoins (such as USDM, USDA) to increase the proportion of stablecoins on the chain and activate the DeFi ecosystem.
- Goal: Currently, stablecoins on the Cardano chain account for only about 10% of the total value locked (TVL), far below competitors like Solana. By increasing stablecoin liquidity, it aims to attract more developers and users to participate in ecosystem building.
- Controversy: This plan conflicts with statements from the CEO of the Cardano Foundation regarding the idea that “TVL is a non-critical metric,” and some community members are concerned that this move may affect ADA market stability.
3. Technological Integration and Partnerships
Cardano is actively seeking technological collaboration in the stablecoin field:
- Minataur Protocol: A new protocol launched in April 2025 that supports stablecoin staking functionality, allowing users to earn yields by staking stablecoins, which enhances the attractiveness of the DeFi ecosystem.
- Negotiations with Ripple on RLUSD: Hoskinson revealed that he is negotiating with the Ripple team to explore the possibility of integrating the RLUSD stablecoin into the Cardano chain. If Ripple successfully acquires Circle (the issuer of USDC), this collaboration may deepen further.
