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 a Cardano-native stablecoin, USDM. This proposal has multiple implications:

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

Creating economic returns and capital circulation: The 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, and provide ongoing support for the ecosystem, creating a virtuous cycle of capital.

Attracting investment institutions: If implemented, the proposal could attract large venture capital firms such as a16z or Pantera Capital to join the Cardano ecosystem, bringing more funding and resources to the ecosystem and promoting its further growth.

Enhancing competitiveness: Stablecoins are a key component in the blockchain field.