Does Cardano have a max supply?

Could you elaborate on whether Cardano, a prominent cryptocurrency project, has a defined maximum supply limit? Understanding the supply constraints of a digital asset is crucial for investors and enthusiasts alike to assess its potential long-term value and scarcity. Does Cardano have a cap on the total number of coins that can be mined or issued, similar to Bitcoin's hard cap of 21 million? If so, what is that limit, and how does it impact the coin's overall economic model? Please provide a concise yet comprehensive overview of Cardano's supply mechanics.