World Stablecoin Association Launches in Switzerland

[Riya143]

The World Stablecoin Association aims to unite major global stablecoin projects like Tether and USDC.
Amid the massive growth of stablecoins in 2020, the cryptocurrency community is setting up an international stablecoin organization in Switzerland.

Called the World Stablecoin Association, or WSA, the Geneva-headquartered organization is to be launched by cryptocurrency exchange VirgoX and blockchain capital markets firm Global Digital Assets, or GDA Capital. The WSA announced this new to Cointelegraph on July 23.
Read More: https://cointelegraph.com/news/world-stablecoin-association-launches-in-switzerland

[Muneeb22]

Its a great news and i hope that future of the stable coin is so much bright and i hope soon in the other countries crypto is going to be legal and peoples are going to be invest their money so much.

[themeritedone]

That's another great news in the adoption of crypto currency .I think for crypto to be widely adopted they must have some stable value of they are to be used as a more of payment and settlement.

[IyemRoker]

Good and this will be more organized because stable coins must also be transparent in managing their money.
Don't let the stable coins just be created without any guarantee from the real money.

Then I thought this association would make full strength for the stable coin to continue to grow in the cryptocurrency market.

[farixiim]

Cool. Is eurg already joined this association?

[damsix]

EURG what is it?
I've never heard of EURG.

Is that EURG = Euro Gold?
Or EURG = stable coin for Euros?

Apart from the meaning of the word EURG, I think that EURG is not yet on the list of stable coin associations in Switzerland.
Because the reason I haven't been until now and this is something new that I've heard.