Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Solana co-founder Toly: If freezing stablecoins does not require court authorization, then it is not a true US dollar.

Solana co-founder Toly: If freezing stablecoins does not require court authorization, then it is not a true US dollar.

ForesightNewsForesightNews2026/04/13 15:06
Show original

Foresight News reported that Solana co-founder Toly responded to on-chain investigator ZachXBT regarding the USDC freeze controversy, questioning that if the freezing authority of stablecoins does not require authorization from a U.S. federal court, then they cannot be considered real U.S. dollars. He suggested that stablecoins should adopt a layered architecture: at the base layer, stablecoins can only be frozen under court orders; protocols such as Drift and Kamino could issue wrapped stablecoins on top of that with their own freezing and unfreezing strategies, and have dedicated security teams responsible for handling hacker incidents.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

$44.8 million per shipment! The cost of transporting US crude oil to Asia hits a record high

As Middle Eastern supply disruptions intensify and buyers scramble to secure energy sources, the cost of shipping U.S. crude oil to Asia has soared to a new record.

智通财经2026/09/16 03:11
$44.8 million per shipment! The cost of transporting US crude oil to Asia hits a record high

Fourth attempt finally approved! Brookfield (BAM.US) acquires Australian pipeline products manufacturer RWC for $2.9 billion, a 32% premium

Brookfield Asset Management has agreed to acquire Reliance Worldwide Corp. in an all-cash deal, valuing the Australian plumbing products company at approximately 4.1 billion Australian dollars (about 2.9 billion US dollars).

智通财经2026/09/16 02:41
Fourth attempt finally approved! Brookfield (BAM.US) acquires Australian pipeline products manufacturer RWC for $2.9 billion, a 32% premium