Will Solana Launch Its Own Stablecoin? Helius CEO Calls It A No-Brainer
Helius Labs CEO Mert Mumtaz ignited a fresh round of debate inside the Solana ecosystem on September 10 after floating the idea of a Solana-aligned stablecoin whose reserve yield would be redirected to SOL via buybacks or burns—either as an “enshrined” protocol feature or, more likely, through competing digital-asset treasury companies (DATs). “Warming up to […]
Related News
A fresh bout of public scrutiny has erupted around Solana which still labels its mainnet “beta” more than five years after launch. The latest flashpoint unfolded on X, where Helius Labs chief executive Mert Mumtaz sparred with pseudonymous critic Balarchrex over the meaning of the beta tag, the opacity of Foundation wallets and the true […]
One developer, “0xIchigo,” behind Helius, a software company developing infrastructure for users to build on Solana, thinks Solana is winning the energy efficiency race. However, competing platforms, especially Ethereum, are here to stay. Ethereum Is Here To Stay, Solana Is Winning The Energy Efficiency Race Ethereum and Solana aim to serve the same user base, but the […]
Solana, the blockchain that built its brand on a cryptographic stopwatch called Proof of History, is preparing to discard that mechanism in favour of a radically simpler design dubbed “Alpenglow.” Revealed in a 35-minute technical post by infrastructure firm Helius on May 26, the proposal claims nothing less than a two-order-of-magnitude leap in settlement speed: […]
Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid ponzis” and that the bear market would eventually lead their prices to zero.
Maker Co-Founder Calls Out Competitors
Rune Christensen, one of the co-founders of the organization behind the creation and development of DAI, a decentralized stablecoin, has called out two competitors.....
Per an official announcement, payment giant VISA expanded its stablecoin settlement services to the Solana blockchain. The program is currently in a pilot and testing phase but looks to improve upon the capabilities of the legacy payment rails. Related Reading: Solana Co-Founder Pushes For SOL Token Redistribution From FTX To Bankrupt Exchange’s Users VISA Doubles […]