The stablecoin proposal recently put forward by Cardano has sparked widespread attention, and this initiative is expected to significantly enhance the liquidity and practicality of its DeFi ecosystem. As an important bridge in the cryptocurrency market, stablecoins can reduce volatility risks and attract more traditional investors and institutions. If Cardano's stablecoin plan is successfully implemented, it will further improve its smart contract capabilities and provide a more stable infrastructure for applications such as decentralized exchanges (DEX) and lending protocols.

Unlike existing algorithmic stablecoins or collateralized stablecoins, Cardano's proposal may combine its unique Ouroboros consensus mechanism to ensure the security and decentralization of the stablecoin. Furthermore, this plan may also involve collaboration with regulatory bodies to enhance the legitimacy and global applicability of the stablecoin. If progress goes smoothly, the Cardano stablecoin will become an important pillar of its ecosystem.