Summary
- Charles Hoskinson, founder of Cardano, announced plans to develop a stablecoin with cash-level privacy.
- Cardano has already reported operating a $31.5 million stablecoin on its own blockchain.
- Emphasized the potential to become the first ecosystem to develop a privacy-based stablecoin.
Charles Hoskinson, co-founder of Cardano (ADA), mentioned that he is planning a stablecoin that provides a level of privacy similar to cash.
According to DL News, a cryptocurrency-focused media outlet, on the 12th (local time), he appeared on the eToro podcast, a mobile investment app supporting cryptocurrency trading, and said, "People may not want their transaction information to be tracked by anyone," adding, "Cardano is already operating a $31.5 million stablecoin on its own blockchain and could become the first ecosystem to develop a privacy-based stablecoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
