Solana Co-founder Toly: If a stablecoin is frozen without court authorization, it is not truly a US dollar.

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ME News Report, April 13 (UTC+8), Solana co-founder Toly responded to on-chain detective ZachXBT’s discussion about the USDC freezing controversy, questioning whether a stablecoin’s freezing rights that do not require approval from U.S. federal courts can truly be considered U.S. dollars. He proposed a layered architecture for stablecoins: the base layer stablecoin can only be frozen under a court order; protocols (such as Drift, Kamino) issue wrapped stablecoins on top of this layer with their own freezing and unfreezing strategies, and are equipped with dedicated security teams to handle hacking incidents. (Source: Foresight News)

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