# USDC stable settlement with an AKT take-and-burn tax

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2023-01-13
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Most UNDERRATED Cosmos GEM? Akash Network Deep Dive with Greg Osuri! (Cryptocito)
- **Watch at:** 00:53:55 — https://www.youtube.com/watch?v=qdQFOS-uG_A&t=3235s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2023-01-13-usdc-stable-settlement-with-an-akt-take-and-burn-t-g7w4/
- **Cite as:** Greg Osuri, "USDC stable settlement with an AKT take-and-burn tax," Most UNDERRATED Cosmos GEM? Akash Network Deep Dive with Greg Osuri! (Cryptocito), 13 Jan 2023, 00:53:55. https://www.youtube.com/watch?v=qdQFOS-uG_A&t=3235s

## Quote — verbatim

> We're going to settle using USDC, but you pay a tax to AKT holders in order to use USDC. That tax will be further used to fund the development of the platform... and part of that fees is going to be burned by actually purchasing AKT off market using Osmosis or whatnot.

## Context — site annotation, not spoken

Tokenomics upgrade to fix volatile pricing for long-running workloads; spec expected "in like two weeks," economics live "in a couple of months" if governance passes.