The Good Tech Companies - Leading Stablecoin Issuers And Crypto Firms Embrace International Set Of Stablecoin Standards

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Leading stablecoin issuers and crypto firms embrace international set OF stablecoin standards by Chainwire. London, United Kingdom, October 9, 2024, Chainwire, stablecoin standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issuers and ecosystem participants in the industry. Among those who have endorsed are Archblock, Valera, Bitstamp, GMOZ, ComTrust Company, GMO Trust, JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodiac Markets, signaling a new era of cooperation and

Starting point is 00:00:46 standardization within the stablecoin industry. The standards, announced by Beth Haddock, global policy lead at Stablecoin Standard, at the annual flagship event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally. Stablecoin Standards Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market. Greater than Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the greater than endorsements. Their endorsement not only validates the rigor of our proposed greater than framework but also underscores the importance of creating

Starting point is 00:01:24 a stable, greater than transparent, and resilient environment for digital currencies. This milestone, greater-than-following discussions at our annual meeting, sets a strong foundation for the greater- than-continued evolution of the ecosystem. The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security, and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public. Stablecoin Standard's new framework aims to accelerate the adoption of stablecoins

Starting point is 00:02:00 by fostering greater confidence among consumers, regulators, and traditional financial institutions. Rami Salaman, co-founder of Stablecoin Standard, commented on the endorsements. The endorsement of our global standards by leading stablecoin issuers such as Valera and ecosystem participants, including industry leaders like Solana, Zodiac Markets, and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector. As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security. This collective commitment, solidified during discussions at our annual meeting, not only underscores the industry's dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer

Starting point is 00:02:49 trust essential for stablecoins to thrive globally. Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025. Quotes from endorsers. Greater than Sinan Koch, co-founder and CEO of Balera, commented on their endorsement, as a greater than stablecoin issuer, Balera has always prioritized transparency, security, and greater than adherence to high standards, which is why we are proud to endorse the greater than stablecoin standards newly introduced set of global standards. TRYB is greater than governed with a commitment to uphold these principles,

Starting point is 00:03:27 which we believe are greater than essential for fostering trust and stability in the rapidly evolving digital greater than asset space. We support this initiative as a significant step towards a more greater than resilient and unified stablecoin ecosystem. Greater than Rand Goldie, SVP Payments and Network at Fireblocks, commented on their greater than endorsement, with more than a dozen stablecoins issued on Fireblocks, we greater than strongly believe standards are the right path for our ecosystem with regard to greater than interoperability and reaching the holy grail of instant liquidity anytime, greater than anywhere. SCS is taking a big, bold step, and we proudly endorse and stand greater than

Starting point is 00:04:05 with them on this journey. Greater than Kenny Chan, head of StraitsX, commented on their endorsement, as one of the greater than leading regulated stablecoin issuers in Asia, StraitsX is committed to greater than upholding the highest standards of transparency and operational resilience. We greater than are proud to support the stablecoin standards newly introduced global greater than standards, which will help build proud to support the stablecoin standards newly introduced global greater than standards, which will help build greater trust in the stablecoin ecosystem and greater than ensure that digital currencies can be securely and seamlessly adopted by greater than businesses and consumers worldwide. By working collaboratively with key greater than industry

Starting point is 00:04:40 participants, we believe these standards will provide a strong greater than foundation for the future of stablecoins, promoting innovation while ensuring greater-than compliance with evolving regulatory frameworks. About Stablecoin Standard Stablecoin Standard, SCS, is the industry body focused on setting operational, transparency, and product-related standards for stablecoins. The SCS plans to achieve industry-wide standards by sharing international best practices, business development use cases, forming industry-led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers

Starting point is 00:05:15 domestically and internationally. The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as Theus, EU, Singapore, Australia, and Turkey, among others. Users can follow the Stablecoin Standard on LinkedIn and X and to learn more, please visit https colon slash slash stablecoinstandard.com. Contact Kevin McGrath's Tablecoin Standard at mgroupc.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story,

Starting point is 00:05:55 read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Leading Stablecoin Issuers And Crypto Firms Embrace International Set Of Stablecoin Standards

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