US DOC agency NIST explores security, safety, trust of stablecoins

by Repost Admin October 8, 2022, 6:43 am 1.8k Views

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 total top 20 market capitalization. Out of the lot, the top 5 stablecoins based on market capitalization that managed to maintain their pegs are listed below.