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New York, United States, April 9, 2024, Chainwire
JST Digital (“the Company” or “JST”), a global financial services company specializing in digital assets, today announced that it has joined the Stablecoin Standard, the industry association for stablecoin issuers worldwide, to help determine international standards for high quality liquid stablecoins.
Commenting on joining the stablecoin standard, Scott Freeman, co-founder and partner at JST Digital, said: “We believe stablecoins are one of the most promising use cases for digital assets and require industry standards on par with those in traditional finance” to support the adoption of these to accelerate revolutionary technology through the global financial system.”
As a leading market maker, trading and financial services firm in the digital assets space, the JST Digital team has extensive experience working with a variety of stablecoins across various blockchains and plans to bring this perspective to the Council. The JST team believes we are still in the early stages of global stablecoin adoption and is excited to participate in this opportunity to expand the ecosystem.
Christian Walker, Chairman and Co-Founder of Stablecoin Standard, commented on JST Digital joining the Council: “The JST Digital team’s decades of experience trading traditional financial and digital assets coupled with their focus on regulatory compliance provides Stablecoin Standard with a further distinctiveness.” and important perspective in developing guiding principles that can be supported by the entire industry. We appreciate JST's advocacy of a set of global industry standards and support of our work as a hub for stablecoin best practices worldwide.
The JST Digital team has decades of experience in financial regulation to leverage in creating regulatory-compliant stablecoin standards, including the expertise of the former Chief Compliance Officer of the New York Federal Reserve and JST Digital's Global Head of Regulatory Affairs & Integrity , Martin C. Grant.
Grant noted: “We maintain an ongoing dialogue with global regulators and industry participants to work towards robust standards and guidelines. From my time at the Fed, I know how important industry groups are to regulators in ensuring fair and orderly markets.”
About the stablecoin standard
Stablecoin Standard is the industry association for stablecoin issuers worldwide, focusing on real-world applications for stablecoins. We share international best practices, business development use cases, industry-led working groups, define what a high-quality liquid stablecoin should look like, and collaborate with policymakers at home and abroad.
To learn more, users can visit: https://stablecoinstandard.com/
About JST Digital
JST Digital is a crypto-native financial services company specializing in market making, quantitative trading and digital asset management. JST's partners all have over twenty years of experience in the traditional financial services industry. They entered the crypto markets back in 2014 when they started developing markets for one of the early blockchain projects. Based on this experience, JST was founded in 2018 to provide a full range of traditional financial services to institutions in the digital asset market.
For more information about JST Digital, users can visit: https://jstdigital.io/
Stablecoin Standard Media Contact: [email protected]
ContactKevin McGrathM group[email protected]
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