Cardano Network May Launch Its Own Private Stablecoin

In an interview with eToro's Conversations with Leaders podcast, Cardano blockchain network founder Charles Hoskinson said the platform intends to launch a stablecoin that would provide transaction privacy on par with traditional money.

"People don't want every payment they make to be publicly available," he said, explaining the need for the solution.

The idea of creating a private stablecoin faces strict rules from regulators. In particular, the European Union will ban exchanges from working with digital currencies that hide the data of their owners, such as Monero (XMR) and Zcash (ZEC), from 2027. This makes the project difficult to implement, but Hoskinson believes it is possible to find a compromise between privacy and compliance with AML regulations.

To comply with regulators, Cardano offers a mechanism for “selective disclosure.” Transactions can be verified to prevent money laundering without revealing full user information, it says.

"We are not talking about complete deanonymization. We need to be able to show that payments are not related to crimes, but at the same time maintain privacy," the founder explained.

Earlier, the creator of the Cardano platform suggested that the price of Bitcoin would reach $250,000 by the end of 2025 or at the start of the next year.