Hoskinson announced a private stablecoin based on Cardano

2025-05-13 16:59:03

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Charles Hoskinson announced a private stablecoin based on Cardano

Cardano can offer a stablecoin with a level of privacy comparable to cash. This was stated by the platform’s founder, Charles Hoskinson, in the eToro podcast Conversations with Leaders.

According to him, users do not want “every purchase they make to be tracked by everyone and always.”

The initiative faces resistance from regulators. The EU will ban exchanges from working with private cryptocurrencies like Monero and Zcash starting in 2027.

Hoskinson believes that the problem will be solved by “selectively disclosed data” — for example, transaction verification for anti-money laundering control without full de-anonymization.

“Cardano wants to become the first blockchain platform with a private stablecoin. This is possible if we combine technologies and regulatory requirements,” he emphasized.

Recall that the bill on “stablecoins” (GENIUS Act) failed in a key vote in the United States Senate.

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