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Kaspa is getting its own dollar, and the team says no one can freeze it.
It's called KaspaDollar, or KSD, and its whitepaper just went live.
Centralised stablecoins can freeze your money. Circle froze USDC in the Tornado Cash contracts in 2022, and Tether blacklisted over a billion dollars of USDT in 2025.
KSD is built differently. There's no company taking revenue, no developer fee and no admin key.
It's backed only by $KAS, and the price feed is voted on by Kaspa's miners. To attack it, a miner would have to damage the very coin that pays for their machines.
They skipped gold and ETH on purpose, because those would depend on a custodian or another chain.
The catch is that this is still a whitepaper under review, not a live product.
But a dollar secured by the same miners that secure $KAS could become the foundation for Kaspa DeFi.
It's called KaspaDollar, or KSD, and its whitepaper just went live.
Centralised stablecoins can freeze your money. Circle froze USDC in the Tornado Cash contracts in 2022, and Tether blacklisted over a billion dollars of USDT in 2025.
KSD is built differently. There's no company taking revenue, no developer fee and no admin key.
It's backed only by $KAS, and the price feed is voted on by Kaspa's miners. To attack it, a miner would have to damage the very coin that pays for their machines.
They skipped gold and ETH on purpose, because those would depend on a custodian or another chain.
The catch is that this is still a whitepaper under review, not a live product.
But a dollar secured by the same miners that secure $KAS could become the foundation for Kaspa DeFi.
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