The Stellar Development Foundation (SDF) is pleased to announce that its Head of Policy, Lesley Chavkin, has joined the Stablecoin Standard Advisory Board. Stablecoin Standard is a global industry body for the stablecoin industry, providing a shared voice to engage with external stakeholders and promote the use of stablecoins through education and shared initiatives. The Advisory Board comprises industry experts from all corners of the stablecoin ecosystem.
SDF – a nonprofit organization dedicated to creating equitable access to the global financial system through blockchain technology – recognizes the transformative role stablecoins can play in the payments space, enabling fast, efficient, low cost, and transparent transactions. The decision to join the Advisory Board aligns with SDF’s mission to identify new avenues for underserved communities to access the global financial system and support innovative payments solutions that spur competition and increase accountability and transparency. SDF looks forward to lending its perspective on appropriate standards for those entities that are entrusted with issuing fiat-backed tokens and maintaining their stability.
Christian Walker, Chairman of Stablecoin Standard stated, “International remittance is one of the largest use cases for stablecoins, and working with SDF and the global network of anchors on Stellar makes for meaningful collaboration. We are delighted to welcome Lesley to the Advisory Board to contribute to the discussion around what a high quality liquid stablecoin should look like.”
Lesley Chavkin, Head of Policy at SDF, commented: “SDF has been a leader in advocating for the development of sound stablecoin regulation globally. Stablecoins are particularly well-suited for remittances as they leverage the speed, affordability, security, and borderless nature of blockchain technology and remove the volatility of other cryptocurrencies. Stablecoins are an important complement to the current payments architecture.”