KAST Founder: intends to use 101 to 103% of all USDK interest income to repurchase SOL
Source: ForesightNews
Time: 2025-09-11 11:19:13
raagulanpathy, founder of the stablecoin payment platform KAST, tweeted that it plans to invest 101 to 103% of all USDK interest income in Solana for repurchasing SOLs. The token will be held by the Foundation, which will issue tokens (currently points, before TGE). “We are partnering with the M0 Foundation to issue the USDK, which is ready and securely signed, and we even plan to upgrade it to a US-issued by Genius-compliant publishers (discussed with the largest publishers in the USDH circle).