Cardano founder Charles Hoskinson emphasized that ShieldUSD, a privacy-focused stablecoin, represents a key initiative for the Midnight network following its deployment to the preview environment. ShieldUSD is designed for confidential financial use cases such as payroll and B2B settlements, supporting private transfers while allowing selective disclosure of information to regulators. The project, issued jointly by Moneta Digital and the Norwegian blockchain exchange, further advances Cardano's development in privacy-preserving finance.