#卡尔达诺稳定币提案
### **Overview of Stablecoin Development on the Cardano Blockchain**
Cardano is a blockchain platform that emphasizes decentralization and scientific governance. Its ecosystem is actively exploring stablecoin solutions to support decentralized finance (DeFi) and real-world payment needs. Below are the current core stablecoin proposals and their design concepts:
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### **1. Algorithmic Stablecoin Proposal**
- **Mechanism**:
- Uses an **over-collateralization** model, where users collateralize native assets of the blockchain to mint stablecoins pegged to the US dollar.
- The collateralization ratio is usually set at a high level (e.g., over 400%) to ensure system resilience against volatility.
- Automatically adjusts supply through smart contracts to maintain price stability.
- **Features**:
- Fully decentralized, not relying on fiat reserves or external institutions.
- Relies on the native economic model of the blockchain to avoid cross-chain risks.
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### **2. Synthetic Asset Stablecoin**
- **Mechanism**:
- Users generate synthetic stablecoins by collateralizing on-chain assets, with their value maintained by algorithms and liquidation mechanisms.
- Utilizes dynamic debt adjustment to ensure collateral always covers stablecoin debt.
- **Features**:
- Suitable for scenarios such as decentralized trading, lending, etc.
- Emphasizes transparency and on-chain verifiability.
