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NISTIR 8408 (Draft)

Understanding Stablecoin Technology and Related Security Considerations

Date Published: October 5, 2022
Comments Due: January 6, 2023
Email Comments to: NISTIR8408@nist.gov

Author(s)

Peter Mell (NIST), Dylan Yaga (NIST)

Announcement

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.

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.

Abstract

Keywords

blockchain; cryptocurrency; decentralized finance; security; smart contract; stablecoin
Control Families

None selected

Documentation

Publication:
NISTIR 8408 (Draft) (DOI)
Local Download

Supplemental Material:
None available

Document History:
10/05/22: NISTIR 8408 (Draft)

Topics

Security and Privacy
general security & privacy

Technologies
blockchain

Sectors
financial services