KAST founder: Plans to use 101% to 103% of all USDK interest income to buy back SOL

Foresight News reported that KAST, a stablecoin payment platform, founder raagulanpathy tweeted that he plans to invest 101% to 103% of all USDK interest income into Solana for SOL buybacks. The tokens will be held by the foundation, which will issue tokens (currently points, before TGE). "We are working with M0 Foundation to issue USDK, which is ready and securely signed. We even plan to upgrade it to be issued in the US by an issuer that meets the Genius standard (discussions are ongoing with major issuers in the USDH circle)."