The stablecoin proposal close to Cardano has caused quite a stir, and as a long-term holder of ADA, I am closely watching it.

That said, this stablecoin is absolutely a crucial step for the Cardano ecosystem. Just 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 trading risks and attract more people to participate.