Anatoly Yakovenko Proposes Moving Stablecoin Freeze Powers From Issuers to Courts

DeFi builders would be able to respond to operational threats using their own security policies, such as automated containment tools or multi-party reviews, without changing the legal nature of the underlying asset. This is the result of a proposed layered architecture for stablecoins pushed by Solana co-founder Anatoly Yakovenko. Under this model, a foundational dollar stablecoin would only be frozen with court authorization, rather than through the discretionary action of private issuers. The base layer would not rely on broad administrative discretion. To handle DeFi risks, protocols such as lending or trading platforms would issue wrapped versions of the base stablecoin. Each protocol would manage its own vault-level security policy and risk controls.