Cardano founder Charles Hoskinson plans to develop a stablecoin with enhanced privacy features to balance user privacy and regulatory compliance.
The proposed stablecoin could use Cardano's Midnight sidechain project known for its privacy-focused infrastructure.
Hoskinson envisions a selective disclosure and season freeze regime for the stablecoin, ensuring privacy for users while accommodating regulatory oversight.
The initiative is significant in the growing stablecoin market, with Cardano aiming to lead in privacy-preserving financial assets amid regulatory pressures on privacy-driven cryptocurrencies.