$ADA On May 12, 2025, Charles Hoskinson, the founder of Cardano, announced the launch of a cash-level privacy-protected stablecoin. The current stablecoin market size is $243 billion, while the total market capitalization of stablecoins on the Cardano blockchain is only $31.5 million. Hoskinson pointed out that people are reluctant to use stablecoins that can be easily tracked for everyday consumption. This privacy stablecoin proposal aims to fill the market gap and meet users' demand for privacy protection.