The Solana Foundation has announced the release of a “token extensions” upgrade to Solana’s SPL token standard.
This could appeal to stablecoin issuers in an ever-changing regulatory landscape, allowing them to retain control over tokens regardless of the holder.
The Solana Foundation has unveiled a new feature that could become a game-changer for its developers and businesses. Dubbed the “token extensions” upgrade, this could play a key role for stablecoin issuers. Developers releasing tokens on the Solana blockchain will have the capability to retain control over the tokens, regardless of the holder.
This will allow developers to introduce certain restrictions which could be transformative for stablecoin issuers. Experts anticipate that 2024 will bring regulatory interest in stablecoins, particularly in the U.S. These regulations could force developers to make real-time changes to the tokens issued, based on or regardless of the holders. This essentially makes them permissi

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