{"id":76621,"date":"2026-03-17T15:01:31","date_gmt":"2026-03-17T15:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=76621"},"modified":"2026-03-17T15:01:31","modified_gmt":"2026-03-17T15:01:31","slug":"cardano-founder-praises-shieldusd-milestone-on-midnight","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=76621","title":{"rendered":"Cardano Founder Praises ShieldUSD Milestone On Midnight"},"content":{"rendered":"
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Charles Hoskinson is again spotlighting privacy-preserving stablecoins as one of Cardano\u2019s most consequential bets, this time tying his praise directly to fresh progress on Midnight.<\/p>\n

In a post<\/a> on X on March 16, the Cardano founder called the effort \u201cone of the most exciting initiatives\u201d and said it was \u201ca bellwether for the growing utility of Midnight as a development platform.\u201d That matters because Midnight has been positioned by its builders as a privacy-first chain built around zero-knowledge proofs and selective disclosure, with production-grade financial applications viewed as one of its core targets.<\/p>\n

Why The Cardano Founder Is Bullish On ShieldUSD<\/h2>\n

The immediate trigger was an update from CTO at W3i Andrew Westberg, who said, \u201cA minimum-viable shieldUSD contract has been deployed to the Midnight preview environment<\/a>,\u201d and added: \u201cRight now, the constraints on contract size are limiting what we can do and requires a lot of consolidation transactions. We\u2019re working closely with Midnight Foundation. We are able to successfully perform private transfers with selective disclosure for regulatory auditors.\u201d<\/p>\n

For Midnight<\/a>, that is not some secondary feature. The network\u2019s own documentation describes selective disclosure as a core design principle, allowing builders to prove validity or compliance without exposing the full underlying data on-chain. In practice, the idea is straightforward: transactions, balances, or identities can remain confidential to the public, while authorized parties can be shown only the information they are entitled to see. Midnight has framed that balance as essential for real-world financial use cases rather than purely crypto-native privacy experiments.<\/p>\n

The stablecoin effort itself has been taking shape in public for months. In January, W3i Software announced shieldUSD, a privacy-preserving USD stablecoin for the Midnight Network, saying it would be co-issued by Moneta Digital and Norwegian Block Exchange. According to that announcement, shieldUSD is being built for financial workflows where confidentiality matters, including payroll, B2B settlement and institutional DeFi, while still supporting \u201ccompliance, auditability, and selective disclosure.\u201d Midnight repeated that positioning in its January network update, presenting shieldUSD as one of the ecosystem projects intended to bring privacy-preserving finance into practical use.<\/p>\n

That also helps explain why Hoskinson\u2019s latest comment echoes his earlier rhetoric<\/a> around Moneta\u2019s USDM. Back in July 2025, he wrote that \u201cMoneta\u2019s USDM is becoming the most advanced stablecoin ever built.\u201d Moneta describes USDM as a Cardano-native, fiat-backed stablecoin backed 1:1 by US dollar reserves, with Moneta Digital acting as issuer and redeemer. The latest Midnight work appears to extend that broader push from a regulated Cardano dollar into a privacy-preserving environment designed for more sensitive transaction flows.<\/p>\n

Still, Westberg\u2019s post made clear that the project is not presenting a finished product. The contract is only in Midnight\u2019s Preview environment, which the network documents position as a development stage for builders migrating applications and testing new tooling rather than a live production venue. Midnight\u2019s January roadmap update said the network is moving through its Hilo phase toward K\u016bkolu, the stage meant to introduce the first wave of production applications on a federated mainnet. In that context, the ShieldUSD deployment looks less like a launch and more like an early proof that Midnight\u2019s compliance-friendly privacy model can be made concrete.<\/p>\n

At press time, Cardano traded at $0.287.<\/p>\n

\"Cardano<\/div>\n","protected":false},"excerpt":{"rendered":"

Charles Hoskinson is again spotlighting privacy-preserving stablecoins as one of Cardano\u2019s most consequential bets, this time tying his praise directly to fresh progress on Midnight. In a post on X on March 16, the Cardano founder called the effort \u201cone of the most exciting initiatives\u201d and said it was \u201ca bellwether for the growing utility […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-76621","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76621"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76621\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}