# ShieldUSD Related Articles

Cardano Founder Praises ShieldUSD Milestone On Midnight

Cardano founder Charles Hoskinson highlights the significance of privacy-preserving stablecoins, particularly praising the recent deployment of a minimum-viable ShieldUSD contract on Midnight's preview environment. Developed by W3i, ShieldUSD is a private stablecoin designed for confidential financial use cases like payroll and institutional DeFi, while supporting regulatory compliance through selective disclosure. This aligns with Midnight's core vision of a privacy-first blockchain using zero-knowledge proofs. Hoskinson's endorsement echoes his previous support for Moneta's USDM stablecoin, positioning ShieldUSD as an extension of regulated, privacy-focused digital dollars. The project remains in development, serving as an early proof-of-concept for Midnight's upcoming production phase.

bitcoinist03/17 18:02