The Stellar Development Foundation (SDF) has partnered with Stablecoin Standard, an industry body for stablecoin issuers, to support the adoption of stablecoins through education and shared initiatives. The Stellar blockchain is already trusted by global financial institutions for tokenizing assets, including stablecoins. Stellar’s native features like speed, low cost, scalability, and built-in asset control make it an ideal choice for issuing stablecoins.
SDF Chief Legal and Policy Officer Candace Kelly highlighted the benefits of using the Stellar network for issuing stablecoins, emphasizing the protocol’s powerful features and low cost. Stablecoin Standard was founded in 2022 to provide stablecoin issuers with a shared voice and promote the acceptance of stablecoins through education and resources.
Christian Walker, Chairman & Co-Founder of Stablecoin Standard, expressed excitement about working with Stellar to explore stablecoin-based remittances on the Stellar blockchain. Stellar’s attributes of being low cost, fast, and globally accessible make it a strong partner for advancing financial inclusion through stablecoins.
Stellar, founded in 2014, is more than just a blockchain. It is a decentralized network designed for financial products and services, with a focus on speed and low costs. The Stellar Development Foundation supports the growth of the network and collaborates with various entities to promote blockchain technology for real-world applications.
Stablecoin Standard represents 17 currencies from 18 issuers globally and focuses on business development, best practice sharing, and engagement with policymakers on stablecoin regulation and education. The partnership between SDF and Stablecoin Standard aims to further the adoption of stablecoins and drive innovation in the future of finance.