Articles

The GENIUS Act aligns closely with the Stablecoin Standard on collateralization and financial crime prevention. There are some differences in the approach for stress testing, governance reporting, third-party audits, and explicit legal separation of reserves. These differences should be addressed in implementing regulations.
Industry perspective is crucial in shaping the final legislation and implementing regulations.
By Candace Kelly, Marcelo Prates and Alex Wu, from the Policy Team at the Stellar Development Foundation, Published on 16 September 2024.
The crypto industry has no shortage of jargon. Even the most well-informed industry participants are regularly faced with having to decipher new terminology. Yet despite what seems to be a collective quest to provide “novel” labels to each new aspect of crypto, the word “stablecoin” gets used as a catch-all for a swath of products that may or may not look like one another under the hood.
Matthew Niemerg - Aleph Zero & Christian Walker - Stablecoin Standard discuss how private stablecoins will be the bedrock of on-chain commerce.
In the world of digital finance, stablecoins represent a frontier of innovation, poised at the intersection of technology and regulation. This intersection mirrors the evolution witnessed in the automotive industry with the advent of self-driving technology, offering critical lessons for navigating the regulatory landscape of stablecoins.