Helius Labis Ceo mert Mertazi issued a new debate within Solana Ecosystem by Solda-Cosystem. ” : “There should be no installation, DAT should do … to fix it and trillion.”
Why is the Solana Steablecoin Not
Mumtaz’s criticism aims as “leaking the crop” from Solana: “Underlying the US Vigius Act. Φ CENTER Stable, and look at the Digital Aff Treasury Trade of Taster treasurer (DATS) … Dah is a reality by buying a token. “
That installation clashes with the US new law book. The genius Act, signed in July, issues “stables paying” as the securities or US FEDERAL PURPOSE, include highly under those bank administrators and are clearly separated from SEC / CFTC power. Legal legal analysis and the DRMECECLT research note confirms the disposal of the situation.
In summary: “The” Commodity “of Mumtaz” Restorical, not legal. However, the mutual economic stagecoins are unable to appeal the reservoirs (or relatives).
Within many hours, one builder is a challenge. “We (@kastcard) will set up the 101-103% of all interest rates from USDK Solana, repurchase Sol,” adding the base after M ^ 1 3-3% will be treated as sales. KAST and M ^ 0 HAVE HAVE PROBLEM IT AVAILABLE POLMAMS AVAILABLE, Certain dollars in NETWORL; KAST’s Consumer App and Card justify the Global SteableCoin payment.
The equipment of the proposal is straightforward in the imagination. USD stablecoin receiving the storage of money (eg from T-billing) to the issuing level; DAT formation made that source of income to buy solar system open and or retire or renew Ecosystem programs.
Mumtaz even ever wrote- “Take a solar dat running a LOO, calling USDmanletlet … [it] you earn yield. DAT takes all the harvest and buys sol with … Ecosystem and pick up the harvest and pumped … or burning sol. “
StAblecoin wars reach Solana
Mumtaz’s “Barb” subscription supports is intended in USDC’s Economics and Coinbase’s Basele L2. Coinbase and Circle Split USDC Reserve Income, an elevator of a great stream of Coinbase as found in stablecoins; Coinbase encubated Base, a layer of Elerryum-2 which is soon to the top of On-Chain activity.
None of Nesdac-USDC’s goals are clear – but to the Solana Pupis It is a Supperi’s Ave Supperimal to allow billions in the stablcoin. That is a simple “problem” that Mumtaz says he wants to repair, can be in accordance or (more obviously) for the market competition between issuing and information.
Multicoin Capital Coorner and Ethnago Jain’s partner Tushar Jain agreed with X: “One of the best things for the sanitation is to accept good ideas of Hype and USDH the way from USDC Solana?”
In the meantime, this is only a suggestion – no SIP or administered “Enshrine” or anything in Protocol, and Mumtaz himself emphasized the rapidity of the market. Whether the proposal takes the status of competitors, ecosystem, “or financial system, ENDGAME MUMTRACT, ENDGAME MUMTAZ Sketchidd: Stop the leaking crop, and then expose it to sol.
During the pressure, Sol trade $ 228.
The installed image is made of dall.e, chart from Chiningview.com
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