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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 aim
to maintain a stable price relative to a specified asset (usually a fiat
currency). Much has been written about how to use stablecoins and about the
economic implications of doing so (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.
NOTE: A call for patent claims is included on page iv of this
draft. For additional information, see the Information
Technology Laboratory (ITL) Patent Policy – Inclusion of Patents in ITL
Publications.
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