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How Canton Network Lets Institutions Guard Against DeFi Security Risks: Digital Asset CEO
For stablecoin issuers like Tether and Circle, Rooz said that dynamic is already on display. After North Korean-linked attackers used the USDC issuer’s infrastructure to move funds, Circle said it wouldn’t lock down stablecoins without a court order. Tether, meanwhile, has worked with authorities to freeze funds allegedly connected to illicit finance.
Ultimately, the tension between absolute decentralization and safety shows no signs of abating. And in a world where a single exploit can wreak havoc, Rooz suggested that the ability to flip a switch on bad actors will shift from a controversial feature into a go-to standard.
This article has been published in decrypt.co via Yahoo News.
How Canton Network Lets Institutions Guard Against DeFi Security Risks: Digital Asset CEO
Because Canton allows participants to implement guardrails, Digital Asset's Yuval Rooz said institutions can protect against bad actors.
finance.yahoo.com
