USD-backed stablecoins aren’t securities. If nothing else, no one reasonably expects a profit from them--their value stays the same--and certainly not any profit derived from the managerial efforts of others. They’re not even close to meeting the legal standard for a security.
1/
Why are there so many different L2s or rollup flavors?
Why the ever-increasing complexity in the zk-rollup space?
Cairo, Noir, zkEVM, Zinc, Miden, Nightfall
What if I told you all the diversity is a good thing.
Your DeFi app can pick its flavor 🧵