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

Enhancing ecosystem liquidity: Stablecoins are an important foundation for the development of DeFi. The proposal aims to increase the liquidity of stablecoins within the Cardano network, which will help facilitate trading and market-making activities within the ecosystem, increase the total value locked (TVL) in the network, and promote the development of decentralized financial services.

Creating economic returns and capital circulation: The proposal includes a self-sustaining economic model, which is 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 ongoing support for the ecosystem, and create a virtuous cycle of capital.

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

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