B20, now live on Base mainnet, runs tokens as native code in the chain and bakes in roles, blocklists, and freeze-and-seize powers aimed at stablecoin and real-world-asset issuers.
- Coinbase's Base network has launched B20, a native token standard with built-in compliance features like freeze-and-seize powers.
- This new standard aims to streamline the issuance of regulated assets such as stablecoins and tokenized real-world assets, offering potential cost and throughput benefits.
- However, concerns have been raised about the lack of transparency regarding control over these powers, as they are baked into the chain's node software rather than deployed as auditable smart contracts.
Topics: Asset types, Legal regulatory, Blockchain usage, Stablecoins digital cash, Securities law classification, Layer 2 scaling
Tags: #base #coinbase #b20 #tokenstandard #freezeandseize #stablecoin #realworldassets #compliance #layer2 #precompile
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