Charles Hoskinson Announces Private Stablecoin on Cardano

Cardano may soon offer a stablecoin with a level of privacy comparable to cash. This was revealed by the platform’s founder, Charles Hoskinson, during the podcast Conversations with Leaders by eToro.

According to him, users do not want “every purchase they make to be tracked by everyone all the time.”

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

Hoskinson believes the issue can be resolved through “selective disclosure”—for instance, transaction checks for anti-money laundering controls without full de-anonymization.

“Cardano aims to be the first blockchain platform with a private stablecoin. This is possible if we combine technology with regulatory requirements,” he emphasized.

Earlier, the “stablecoins” bill (GENIUS Act) failed at a key vote in the United States Senate.