# Stablecoin minted only by burning AKT

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-04-24
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** "Akash Weekly: Testnet 3, Week 1 Challenges" (Akash Network)
- **Watch at:** 00:45:39 — https://www.youtube.com/watch?v=197CuLD5Ahw&t=2739s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2022-04-24-stablecoin-minted-only-by-burning-akt-lt72/
- **Cite as:** Greg Osuri, "Stablecoin minted only by burning AKT," "Akash Weekly: Testnet 3, Week 1 Challenges" (Akash Network), 24 Apr 2022, 00:45:39. https://www.youtube.com/watch?v=197CuLD5Ahw&t=2739s

## Quote — verbatim

> The only way to emit the stable coin is by burning AKT. So you burn AKT and you mint the stable coin and vice versa... burning AKT means taking AKT out of supply, which gives AKT value... the more demand for the cloud, the more AKT is burnt.

## Context — site annotation, not spoken

Answering a listener worried a stablecoin would reduce AKT demand; the design (deploy-only, no independent liquidity) foreshadows Akash's later burn/settlement mechanics. He adds "we're not competing with UST in any way" — dated weeks before UST imploded.