US DOC agency NIST explores security, safety, trust of stablecoins
The National Institute of Standards and Technology (NIST) found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization. The National Institute of Standards and Technology (NIST), a non-regulatory agency of the United States Department of Commerce, released an initial public draft highlighting the various security considerations in relation to the architecture and implementation of stablecoins.Based on the study of the top 20 stablecoins over the past year, NIST found that the top five coins that retained their peg represented 87 % of the....
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As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case. In light of recent market effects due to the collapse of the Terra USD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands.Co-founder of crypto financial service provider VegaX Holdings Sang Lee favors decentralized stablecoins over their centralized counterparts but thinks they must be coins that people can trust, which poses a dilemma for the....
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Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.
DARPA, the defense research organization is heavily invested in promoting the use of blockchain technology for military applications. The immutable and secure nature of distributed ledger technology promotes transparency, accountability, and security across various industry segments. The defense and cybersecurity sectors stand to gain a lot from blockchain technology. There are a variety of cybersecurity projects that involves the use of blockchain technology. The potential uses of blockchain technology in security applications have got the US Department of Defense interested. Defense....