Charles Hoskinson is considering creating a private Cardano stablecoin in anticipation of the end of privacy in crypto payments in the EU and US.
The proposed stablecoin aims to ensure regulatory compliance through a selective disclosure mechanism, without resembling privacy-focused cryptocurrencies like Monero.
Hoskinson views the demand for financial privacy as persistent despite emerging regulatory restrictions on private digital assets.
The potential creation of a Cardano stablecoin remains in the conceptual stage, with uncertainties regarding disclosure policies and regulatory impacts.