Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
TREZOR WARNS CUSTOMERS TO MOVE FUNDS AFTER HARDWARE IMPLANT DISCOVERED IN WALLET SOLD BY FORMER AUTHORIZED RESELLER
Trezor has issued an urgent security warning after receiving a credible report of a malicious hardware implant inside a Trezor Safe 5 purchased from CryptoBilis, its former authorized reseller in Southeast Asia.
The device, purchased in Indonesia through Tokopedia in August, reportedly contained an additional circuit board installed between the main board and screen, equipped with a cellular module and antenna.
According to the report, the implant can read information displayed on the wallet’s screen, including the recovery seed phrase, and transmit it to attackers over a mobile network whenever the device is plugged in.
Trezor has not yet physically examined the device but says photos and a video interview with the customer were convincing enough to warrant an immediate warning.
The discovery follows a sophisticated supply-chain attack involving Ledger wallets sold through the same reseller, which Ledger began investigating on October 9.
Trezor removed CryptoBilis as an authorized reseller that day.
The company is now urging anyone who purchased ANY Trezor model from CryptoBilis since March 2026 to immediately transfer their funds to a new wallet with a newly generated recovery seed.
Simply restoring the potentially compromised seed phrase on another device will NOT protect the funds.
Trezor says no customer losses have been reported in connection with the suspected implant. The company is offering affected buyers free replacement devices or vouchers and is working with Ledger and security investigators.
The identity of the attackers remains unknown, and there are currently no reports involving other Trezor resellers.
kaspa:native fam, It's been a week and we've raised roughly 200,000 #Kaspa towards @KaspaDollar. At this rate, we will miss the mark. It will take 25 weeks. Let's get the word out! And donate! https://t.co/3wJUZnKwjH
JUST IN: KaspaDollar unveils plans for an overcollateralized stablecoin on the Kaspa Network
Led by core developer Asaef Strøm, the project is targeting 5 million $KAS to fund development, independent audits and launch operations, with contributions refunded if the goal isn't reached by Jan. 1, 2027.
KCC-20 just hit Last Call 🐾
That puts $NACHO one step closer to leaving the old indexer-based KRC-20 setup and living natively on Kaspa's layer 1, secured by covenants.
Big moment for $KAS native assets. Respect to @manyfest_ and @michaelsuttonil for building it right. 🐈⬛
KCC-20 has officially moved to Last Call status.
Developing software and developing standards are very different.
Software aims to solve a specific problem. A standard aims to define a general foundation for a wide class of solutions.
A special thanks to @michaelsuttonil , who was there from the start to finish , guided me in how to approach this complex craft.