The short-term view of the Cardano stablecoin proposal (#卡尔达诺稳定币提案 ) suggests that its privacy stablecoin plan (such as selective disclosure mechanisms) may attract privacy-focused institutional users, potentially breaking through the EU's 2027 privacy coin ban through compliant pathways, but it needs to balance regulatory scrutiny pressures.

In the medium term, from an ecological perspective, the excessive collateralization mechanism (such as the Djed dual-token design) and the injection of a stability fund are expected to alleviate the liquidity shortage issues in Cardano DeFi. However, the founder's proposed conversion of 140 million ADA from the treasury may trigger sell-off concerns, exacerbating market volatility;

In the long-term strategy, the integration of privacy features with RWA (such as USDA pegged to the US dollar and tokenized government bonds) could promote Cardano as a bridge connecting traditional finance and the crypto ecosystem, but it must address the market structure challenges posed by the USDT/USDC duopoly. If this proposal is successfully implemented, it could reshape Cardano's competitiveness in the fields of payments, cross-border settlements, and asset management.