The Cardano stablecoin proposal $BTC was put forward by Cardano founder Charles Hoskinson. The main points are as follows:

- Fund Conversion: Convert $100 million worth of native token ADA in the Cardano treasury into the ecosystem's fiat stablecoin USDM to enhance the stablecoin liquidity of the network.

- Partnership Plan: Collaborate with major hedge fund Brevan Howard to enhance key activities within the ecosystem, including Total Value Locked (TVL) and market-making.

- Returns and Reinvestment: The plan is expected to achieve an annualized return of 5%-10%, with the generated income used to purchase ADA from the open market and return it to the treasury to expand its size and provide ongoing support for the ecosystem.

- Attracting Investment: The stablecoin liquidity strategy can also attract top venture capitalists such as a16z and Pantera Capital to join the Cardano ecosystem, with transaction sizes ranging from $25 million to $45 million.

Additionally, Cardano plans to launch a privacy stablecoin. This stablecoin is based on its unique blockchain architecture and consensus mechanism, adopting the Ouroboros consensus protocol, introducing zero-knowledge proof technology, and relying on the privacy sidechain Midnight to provide a cash-like anonymous payment experience, balancing privacy and compliance.