Blockchain/ Distributed Ledger

NIST IR 8408, Understanding Stablecoin Technology and Related Security Considerations is available for comment

  • 1.  NIST IR 8408, Understanding Stablecoin Technology and Related Security Considerations is available for comment

    Posted Oct 05, 2022 10:00:00 AM
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    Hi All,

    The initial public draft of NIST IR 8408, Understanding Stablecoin Technology and Related Security Considerations is available for comment. Stablecoins are a type of cryptocurrency that aims to maintain a stable price relative to a specified asset (usually a fiat currency). Much has been written about how to use stablecoins and the economic implications (specifically price variability), but little has been written on the technical mechanisms and architectures used and related security considerations. NIST IR 8408 addresses this by providing an evaluation of the technical design of different stablecoin architectures along with related security analyses.

    The public comment period for this initial public draft is open through January 6, 2023. See the publication details for a copy of the draft and instructions for submitting your comments.

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    Michael Roza CPA, CISA, CIA, MBA, Exec MBA
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