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Hey Everyone, we want to give you all an important update.
In direct response to the evolving Federal (Genius & Clarity) and State (Money Transmission Modernization Act - MTMA) regulatory environment here in the USA, Coast is in the process of changing how and for whom our business operates.
These pieces of legislation make delivering a stablecoin-based independent fiat onramping product for PulseChain cost prohibitive. So despite our best efforts to run as a Stablecoin, we will be moving on to a novel, and hopefully more robust model.
'Buy'/'Sell' + Deposit/Withdraw are still operational for most users worldwide. However, as many have noticed the ability to Mint/Burn $CST is no longer available. This change happened in the middle of 2025. But we can say with absolute certainty now that it will not be returning.
The 'Buy/'Sell' feature is currently utilizing a floating $CST price. This change was implemented in Dec, 2025 and has dramatically improved order execution for users seeking to obtain $PLS, $PLSX, $HEX and $INC. The use of a floating price asset for the 'Buy'/'Sell' feature is absolutely essential for us to continue operating any services for PulseChain.
For further updates, please follow our company accounts on X and TG. Thanks, Management
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