Solana co-founder Toly: If freezing stablecoins does not require court authorization, then it is not a true US dollar.
Foresight News reported that Solana co-founder Toly responded to on-chain investigator ZachXBT regarding the USDC freeze controversy, questioning that if the freezing authority of stablecoins does not require authorization from a U.S. federal court, then they cannot be considered real U.S. dollars. He suggested that stablecoins should adopt a layered architecture: at the base layer, stablecoins can only be frozen under court orders; protocols such as Drift and Kamino could issue wrapped stablecoins on top of that with their own freezing and unfreezing strategies, and have dedicated security teams responsible for handling hacker incidents.
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