The Stellar Development Foundation (SDF) has partnered with Stablecoin Standard to promote the adoption of stablecoins through education and collaborative initiatives. This partnership, announced on May 23, 2024, aims to support the use of stablecoins by providing resources and shared initiatives.
Stellar, a trusted blockchain network for global financial institutions, is known for its ability to tokenize various assets, including fiat currencies, commodities, and securities. The network’s features such as speed, low cost, scalability, and asset control make it an ideal choice for issuing stablecoins.
By leveraging Stellar’s blockchain infrastructure and Stablecoin Standard’s industry expertise, the collaboration between SDF and Stablecoin Standard aims to streamline stablecoin issuance and adoption. This partnership will help drive financial inclusion and innovation by addressing challenges in the financial sector.
Stablecoin Standard, founded in 2022, serves as the industry body for stablecoin issuers worldwide. The organization promotes the acceptance of stablecoins through education, shared initiatives, and industry standards. The partnership between SDF and Stablecoin Standard marks a significant milestone in the stablecoin industry, enhancing the adoption and utility of stablecoins for greater financial inclusion globally.