#卡尔达诺稳定币提案

The Cardano stablecoin proposal refers to the proposal by Cardano founder Charles Hoskinson to convert $100 million worth of ADA in the treasury into the Cardano natively supported stablecoin USDM. This proposal has multiple significances:

Enhancing ecosystem liquidity: Stablecoins are an important foundation for DeFi development, and the proposal aims to increase the liquidity of stablecoins within the Cardano network, which helps promote trading, market-making, and other activities within the ecosystem, increasing the total value locked (TVL) of the network and advancing the development of decentralized finance.

Creating economic returns and capital circulation: This proposal includes a self-sustaining economic model, 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 continuous 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 institutions such as a16z or Pantera Capital to join the Cardano ecosystem, bringing more capital and resources to the ecosystem and promoting its further growth and development.

Enhancing competitiveness: Stablecoins are an important asset class in the blockchain space, with Ethereum leading in stablecoin TVL. By enhancing its stablecoin-related layout, Cardano can improve its competitiveness in the DeFi field, better compete with other public chains, and attract more developers and users.

Exploring the balance between privacy and compliance: Cardano plans to launch a privacy stablecoin, relying on technologies such as zero-knowledge proofs to ensure transaction privacy while meeting regulatory requirements through a "selective disclosure and seasonal freeze system," providing new ideas for on-chain financial privacy protection and compliant development.