Cardano is entering a new phase. Its founder, Charles Hoskinson, has laid out bold plans to reshape the blockchain’s architecture and explore the creation of a privacy-focused stablecoin—challenging both crypto norms and regulatory pressures.
Speaking on May 9 during eToro’s “Conversations with Leaders” podcast, Hoskinson floated the idea of a stablecoin that preserves user privacy, likening it to the anonymity of cash. While privacy coins like Monero and Zcash have drawn global scrutiny and bans, Hoskinson envisions a system that balances user confidentiality with regulatory transparency. His proposal includes selective disclosure features that could satisfy anti-money laundering and anti-terrorism compliance standards.
Hoskinson’s comments come amid global backlash against private digital assets, with the EU set to restrict exchange access to them by 2027. Despite this, he sees a growing appetite for less intrusive financial tools.
At the same time, Cardano is preparing for a deep structural shift. Hoskinson announced a move toward a more modular and collaborative development model, citing the need for faster progress and broader participation. He acknowledged that the platform’s early emphasis on caution and formal verification, while valuable, slowed growth and discouraged external innovation.
New agile teams like Aiken and Midgard will be introduced to work alongside Cardano’s core engineering unit, Input Output. Hoskinson says this transformation will be key to delivering upgrades like Leios sooner—and without tolerance for delays.
That message became particularly relevant after Cardano recently severed ties with two longtime contributors, Well-Typed and PN-Sol, reportedly over timeline disagreements. Hoskinson has since reiterated his push to deliver the Leios upgrade by 2026, dismissing speculation of a 2028 release.
Despite internal changes and some community resistance, the Cardano team is actively recruiting new talent from within its ecosystem to maintain momentum. Hoskinson remains confident that flexibility, innovation, and foundational rigor can coexist—and that Cardano must evolve to stay competitive.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/cardano-eyes-private-stablecoins-and-major-development-overhaul/