NIST Seeks Public Comment on Stablecoin Tech Security Draft Publication

1 min read

The National Institute of Standards and Technology is soliciting public comments on its initial draft report that provides a technical description of stablecoins, which are a type of cryptocurrencies, to help the public understand how this technology is designed and implemented.

The draft NIST IR 8408 includes a descriptive definition of stablecoins, the technology’s properties, characteristics and taxonomies, among others, NIST said Thursday.

The document offers information on fiat currency-backed, cryptocurrency-backed and non-currency asset-backed, algorithmic non-collateralized, hybrid and private institutional stablecoins.

The report also explores security, trust and safety concerns associated with stablecoins with an analysis carried out from a technology perspective.

NIST will accept comments through Jan. 6, 2023.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Government Technology

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it