Stablecoin Standard’s Global Standards Endorsed by Industry Leaders
The recent introduction of Stablecoin Standard’s global standards has garnered significant support from top stablecoin issuers and ecosystem participants. The set of standards, designed to promote operational resilience, transparency, and consistent issuer commitments globally, has been endorsed by a diverse group of industry stakeholders, signaling a new era of cooperation and standardization within the stablecoin industry.
Endorsements from Key Players
- Stablecoin issuers such as GMO-Z.com Trust Company, StraitsX, and BiLira, offering G10 currencies like JPY, SGD, TRY, and USD, have endorsed the standards.
- Leading ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets, and JST Digital have also shown their support for the global standards.
The endorsement of these standards reflects a collective effort to establish a stablecoin ecosystem that prioritizes transparency, Security, and consumer protection. As regulators increase their scrutiny of digital assets and demand grows for stablecoins, unified standards can bring clarity and assurance to industry participants and the public.
Stablecoin Standard’s Commitment to Excellence
The standards introduced by Stablecoin Standard were announced by Beth Haddock, Global Policy Lead, at the Annual Flagship Event in Singapore. These high-level standards, created by the Policy Working Group, aim to provide a general yet actionable framework that is sensitive to Market innovations.
Beth Haddock commented on the endorsements, stating, “The endorsement of these standards validates the rigor of our proposed framework and underscores the importance of creating a stable, transparent, and resilient environment for digital currencies. This milestone sets a strong foundation for the continued evolution of the ecosystem.”
The commitment of stablecoin issuers and ecosystem participants to these standards marks a crucial step towards building a unified, trusted framework for the sector. The standards are designed to accelerate the Adoption of stablecoins by instilling greater confidence among consumers, regulators, and traditional financial institutions.
Ramy Soliman, Co-Founder of Stablecoin Standard, emphasized the significance of the endorsements, stating, “The support of our global standards by industry leaders and stablecoin issuers is a vital step towards establishing a unified framework for the sector. These standards will provide the foundation for long-term Growth, transparency, and security in the stablecoin ecosystem.”
Stablecoin Standard and its endorsing members are committed to refining these standards for industry-wide adherence by Q4 2025, ensuring the continued evolution and Growth of the stablecoin ecosystem.
Quotes from Endorsers
Sinan Koç, Co-founder and CEO of BiLira, expressed their support for the standards, stating, “BiLira has always prioritized transparency, security, and adherence to high standards. We believe that the Stablecoin Standard’s global standards are essential for fostering trust and stability in the digital asset space.”
Ran Goldi, SVP Payments and Network at Fireblocks, endorsed the standards, emphasizing the importance of interoperability and instant liquidity in the ecosystem. “SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey,” Goldi commented.
Kenny Chan, Head of StraitsX, highlighted the commitment to transparency and operational resilience, stating, “We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure secure adoption by businesses and consumers worldwide.”
About Stablecoin Standard
Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product-related standards for stablecoins globally. With a diverse ecosystem consisting of advisory board members, industry partners, and issuers offering digital currencies in various jurisdictions, SCS aims to achieve industry-wide standards through collaboration, best practices, and engagement with policymakers.
Follow Stablecoin Standard on LinkedIn and X for the latest updates, and visit https://stablecoinstandard.com/ to learn more about their initiatives.
Contact
Kevin McGrath
Email: [email protected]
