The crypto community has just announced the launch of a new association aimed at bringing together the main stablecoin projects such as Tether or the USDC.
The creation of the association, known as World Association of Stablecoins (WSA), comes at a time when stablecoins are experiencing great growth. Thus, the USDT reached a market capitalization of $10B earlier this week.
The Geneva-based association will be launched in Switzerland by the crypto exchange VirgoX and the blockchain capital markets firm Global Digital Assets, or GDA Capital.
The main objective of the association is to build a truly impartial global association consisting of all major stablecoin projects. At the moment, the association is in talks with Tether (UDST), USD Coin (USDC), Dai (DAI) and HUSD so that these projects join the association by the end of 2020.
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