RLUSD will retain its New York-regulated issuer while the national trust bank manages reserves and provides fiduciary digital asset custody.
This is the summary The Defiant publishes in its feed. The full article lives on their site.
The change removes an estimated two percentage points of issuance-funded staking APR and freezes about 51.9 million pre-minted developer tokens.
Prop 346 would authorize a one-way AKT token conversion, while staking rewards would end at a later marketplace cutover requiring another vote.
The product moves USDC and peso-pegged MXNB into noncustodial lending vaults, with variable returns and no deposit insurance.
Link says funded balances are held in USDC, while Tempo founder Matt Huang says stablecoins on its blockchain power the feature.
Optional onchain allowlists would leave existing markets unchanged; the proposed US contracts still need regulatory approval.
The Ethereum pool now enters its steeper rate tier at 92% utilization, giving borrowers an earlier incentive to leave liquidity available for withdrawals.
