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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.
Security and Privacy: general security & privacy
Sectors: financial services