Recently, Cardano's stablecoin proposal has caused quite a stir. As a long-term holder of ADA, I have been closely following it.

Speaking of which, this stablecoin is definitely a crucial step for the Cardano ecosystem. Think about it, DeFi is so popular now, but the price volatility has always been a headache. With a stablecoin, it’s like having an anchor in the DeFi world, which can greatly reduce transaction risks and attract more participants.

Moreover, the HUMA protocol mentioned in this proposal is quite interesting. It allows stablecoins to be linked to real-world assets, such as fiat currencies and commodities. Isn’t that equivalent to creating a bridge between on-chain and off-chain assets? Just imagine being able to conveniently purchase various real-world assets with ADA in the future, isn’t that exciting?

Of course, the issuance and regulation of stablecoins are also challenges. But as long as the Cardano community can work together, I believe these issues can be resolved. Looking forward to the Cardano ecosystem becoming more and more prosperous!