Kaspa Dollar is Taking a Very Different Route to $1
Kaspa Dollar (
@KaspaDollar) has released a working whitepaper for its proposed $KAS -backed stablecoin, $KSD.
Its developers say KAS will be the only collateral, keeping the system tied to Kaspa's own security. Users would rely on KAS -backed vaults and a miner-voted price feed.
The proposed contracts will have no admin key or developer fee.
The whitepaper remains open to internal and external review.