# Stablecoin settlement minted by burning AKT

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-04-24
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** "Akashonomics: AKT Release Schedule" (Akash Network)
- **Watch at:** 00:29:58 — https://www.youtube.com/watch?v=G_pXEAo-ZsU&t=1798s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2022-04-24-stablecoin-settlement-minted-by-burning-akt-jjxz/
- **Cite as:** Greg Osuri, "Stablecoin settlement minted by burning AKT," "Akashonomics: AKT Release Schedule" (Akash Network), 24 Apr 2022, 00:29:58. https://www.youtube.com/watch?v=G_pXEAo-ZsU&t=1798s

## Quote — verbatim

> Settlement will move to a stable coin, and when that happens the way you mint the stable coin is by burning AKT... the more usage, the more adoption Akash gets, the more burning of AKT happens.

## Context — site annotation, not spoken

Forecasting the burn design later realized as Akash's take-and-burn/USDC settlement; he calls it "the first cloud-specific stable coin to be ever introduced in the market" and cites Helium (and, awkwardly in hindsight, Terra) as inspiration, promising "you're going to see burning... very very soon."