Crytocurrency

US government agency NIST looks into the safety, security, and trustworthiness of stablecoins. 

The National Institute of Standards and Technology (NIST), which is a non-regulatory part of the U.S. Department of Commerce, put out a first public draught that talks about the different security concerns related to how stablecoins are built and used.

NIST looked at the top 20 stablecoins over the past year and found that the top five that kept their peg made up 87% of the total market capitalization of the top 20. Here is a list of the top five stablecoins based on their market capitalization that kept their pegs.

Related: PayPal says it was “in error” to have a policy that punished users for giving false information. 

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