Kaspa developer unveils KaspaDollar decentralized stablecoin
- —Fundraising target is 5 million KAS (~$175,000) by January 1, 2027
- —Only 103,977 KAS raised so far, about 2% of the goal
- —Testnet planned for May 2027, production launch for September
- —Overcollateralized model: $150 in KAS backs $100 of stablecoins
Why it matters: A native stablecoin could reduce Kaspa DeFi's reliance on assets issued on other chains, though fundraising is progressing slowly.
Source: Cryptoast