Stablecoins may become one of the most important catalysts in Kaspa’s transition from a high-performance monetary network into an actual financial economy. The first stage is already appearing through Igra, where bridged USDC, USDT and USDS can move into the Kaspa ecosystem and be used in applications such as Kaskad lending. This matters because stablecoins solve something KAS itself should not necessarily solve: short-term price stability. A merchant, AI agent, lender or application may want Kaspa’s speed and settlement properties without wanting its balance sheet exposed to KAS volatility. Stablecoins provide the unit of account while Kaspa provides the underlying coordination and settlement infrastructure. Toccata makes the next stage considerably more interesting. Kaspa now has programmable UTXOs, covenant IDs, transaction introspection and native ZK verification, creating the primitives necessary for covenant-based assets directly on L1. The emerging KCC20 standard is exploring consensus-enforced fungible tokens, while experimental projects such as KUSD are already testing KAS-backed stablecoin designs. If mature stablecoins eventually exist natively on Kaspa, the network could support dollar payments, lending, liquidity pools, escrow, prediction markets, machine-to-machine payments and agentic commerce without forcing users to leave the Kaspa environment. Perhaps more importantly, stablecoins could make KAS productive without requiring holders to sell it. KAS could increasingly function as collateral, settlement capital, gas or economic security while stablecoins circulate above it as the transactional denomination. That creates a potentially powerful feedback loop: stablecoin liquidity attracts applications, applications generate transactions, transactions attract users and capital, and that economic activity increases the usefulness of the underlying Kaspa network. Stablecoins would not replace KAS. They could actually clarify its role. KAS becomes the scarce monetary and settlement asset underneath an economy whose participants can transact in whatever denomination best fits their needs. The real milestone for Kaspa may therefore not be another exchange listing—it may be deep, liquid, trust-minimized dollar liquidity living directly inside the DAG.
Kraken is the largest holder of #kaspa at the moment with 1.62 billion combining his 3 wallets surpassed #entity x and nobody is talking about that they are burning 100 #Kas every single day for quite some time
@Pr1ncesseBTC Burning mechanism is to bring the total supply down, that way coin value increases. At this moment burn address has 11.2 mill #kas that never can be in circulation
Everyone is worried about rate hikes and clarity act, but nobody is focusing in another exchange is going to sell all its remaining asets at market price causing price of every crypto to decline including #Kaspa. Coinex is a whale with 100mil Kaspa.
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@hashbl0ck@CoinbaseMarkets Delisting and suspended are 2 different things my friend! Suspended means that you can't do nothing with trading it, but its still there and can resume trades at any point when exchange decides to, be a week, month or longer.
@thekaspaonion Banfield is a frickin lunatic, he has eyes on a child molester, doubt that any reasonable person will take him seriously. He hate himself every single day when he wakes up and look himself in the mirror.