Stablecoin services encompass the various offerings related to digital currencies designed to maintain a stable value relative to a fiat currency or other asset. These services include issuance, redemption, custody, and integration into payment systems. They provide a bridge between traditional finance and the broader digital asset ecosystem. Their primary utility is to facilitate transactions without price volatility.
Context
The regulation of stablecoin services is a prominent topic in financial policy discussions, with authorities seeking to ensure consumer protection and financial stability. Frameworks like MiCA in Europe aim to provide legal certainty and operational standards for issuers. This ongoing regulatory effort will shape the future utility and adoption of stablecoins globally.
South Africa's FSCA has issued a mandatory 89-question RFI, fundamentally recalibrating compliance frameworks through granular data disclosure on risk and operations.
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