According to DL News, Cardano founder Charles Hoskinson revealed in a recent podcast that the team is considering the issuance of a privacy-focused stablecoin, aimed at providing a cash-like anonymous payment experience. He pointed out that existing stablecoins are generally traceable on-chain, while Cardano hopes to meet AML and other regulatory requirements while ensuring user privacy through a “selective disclosure” mechanism.
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Cardano founder: may launch a privacy stablecoin
According to DL News, Cardano founder Charles Hoskinson revealed in a recent podcast that the team is considering the issuance of a privacy-focused stablecoin, aimed at providing a cash-like anonymous payment experience. He pointed out that existing stablecoins are generally traceable on-chain, while Cardano hopes to meet AML and other regulatory requirements while ensuring user privacy through a “selective disclosure” mechanism.