XASH2026-10-12 11:00:23XASH says tokenized gold rewards could help solve stablecoin distributionIn an Unchained Premium interview, XASH co-founder and CEO Kevin Huynh outlined a rewards model aimed at stablecoin users on Solana, where wallet activity can earn a share of a gold-denominated reward pool paid in Paxos Gold (PAXG). The discussion focused on why XASH abandoned its earlier idea of building a gold-backed synthetic dollar, with Huynh pointing to the expensive hedging operation that approach would have required. Instead, the company now centers on a distribution model in which users connect Phantom or Solflare wallets and access Solana DeFi venues such as Kamino and Orca without depositing funds with XASH. Monthly XP points determine each wallet’s pro rata share of the gold pool. Huynh said the gold currently comes from a market development fund financed by venture capital, while the long-term paying customer is expected to be the stablecoin issuer seeking distribution across new venues. He also discussed why the model was designed to work with or without the Clarity Act, why XASH chose Solana over Ethereum for its initial launch, how the product is moving from closed beta to public beta, and why early users have shown interest in receiving gold rather than cash incentives.180
XASH2026-10-12 11:40:54XASH co-founder says rewards model can operate with or without the CLARITY ActXASH co-founder Kevin Huynh said the company’s rewards platform for Solana stablecoin users was built to function regardless of whether the CLARITY Act passes. The platform pays rewards in Paxos Gold (PAXG), and users can take part by connecting Phantom or Solflare wallets and using DeFi venues including Kamino and Orca. Monthly XP determines each wallet’s share of the gold rewards pool. XASH also said the gold comes from a market development fund backed by venture capital, while the platform’s long-term paying customers are stablecoin issuers rather than end users. The report was cited by Techub News and attributed to Unchained.230
