Seven Major Stablecoin Entities Form Consortium for Payment Standardization

Organizations handling over $10 trillion annually in stablecoin transactions join forces to set unified payment standards.

Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as a fiat currency, to reduce price volatility.
  • Consortium: An association of multiple organizations formed to collaborate on shared objectives, often in industry standardization.
  • Payment Standardization: The process of creating unified protocols and rules for how transactions are conducted across systems.