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Cardano Founder Hails ‘Most Advanced Stablecoin Ever Built’
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Cardano founder Charles Hoskinson has intensified the ecosystem’s push into regulated, privacy-preserving digital dollars, declaring on July 31 that “Moneta’s USDM is becoming the most advanced stablecoin ever built.” The remark, posted on X, came in the wake of a multi-day workshop in Buenos Aires that he said was “making progress on the first Private Stablecoin.”
Hoskinson’s endorsement dovetailed with a dense technical thread from Cardano developer Andrew Westberg that sketched how a privacy-enabled dollar could satisfy enterprise and legal requirements without turning public ledgers into open books. “The stablecoin is a small but important piece of the discussion in Argentina. That being said, the complexity is 10x to 20x that of USDM,” he wrote.