Cardano recently proposed a stablecoin initiative, indicating that its ecosystem is actively expanding the landscape of DeFi applications. This proposal focuses on ensuring asset stability through an over-collateralization model and introduces a decentralized governance structure to enhance transparency and censorship resistance. Compared to centralized stablecoins, this design aligns more closely with the original intent of blockchain to eliminate trust, and has the potential to attract users and developers looking to avoid regulatory risks. However, its actual stability still depends on the management of reserve assets and market confidence, and its resilience needs to be verified in the face of extreme volatility. Overall, this is an important layout for Cardano in the Web3 ecosystem, but whether it can truly materialize and scale remains to be seen based on its technological advancement and user acceptance.