Major stablecoin issuers and crypto firms endorse new international standards for stablecoins, aiming to enhance transparency
From Investing.com
October 9, 2024 8:30 AM:
Stablecoin Standard’s global standards endorsed by top issuers including GMO Trust, StraitsX, and BiLira for JPY, SGD, TRY & USD. Key participants like Fireblocks and Bitstamp also back the standards. Beth Haddock unveiled the standards at a flagship event in Singapore aimed at enhancing operational resilience and transparency in the stablecoin industry.
The industry body received endorsements from leaders like Solana, JST Digital, and Zodia Markets. The standards aim to establish a stable, transparent, and resilient environment for digital currencies. With increased regulatory scrutiny, creating unified standards can build confidence among consumers, regulators, and traditional financial institutions.
Stablecoin Standard’s framework seeks to accelerate stablecoin adoption by establishing a unified, trusted framework for the sector. Leading issuers such as BiLira and ecosystem participants like Solana endorse the standards. The collective effort aims to align with evolving regulatory expectations and build consumer trust essential for global stablecoin growth by Q4 2025.
Read more at Investing.com: Leading Stablecoin Issuers & Crypto Firms Embrace International Set Of Stablecoin Standards By Chainwire