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A+ Launches Multi-Party Stablecoin Network for Banks and Financial Institutions

By: via Business Wire

A+ is a multi-party issued stablecoin under the ticker $USDA+. Banks and regulated financial institutions can now join the waitlist to become part of this global network infrastructure and issue a Genius Act-compliant stablecoin.

At 300 Billion Stablecoins still only represent ~1% of the global money supply. The SEC Chair has announced a commission-wide initiative to modernize the US securities rules and regulations to enable “America’s financial markets to move on-chain.”

Markets on-chain need an antifragile stablecoin backed by solid collateral to scale. Rather than creating a whitelabel stablecoin with limited liquidity and brand recognition, banks can join the unified A+ network and keep 100% of the yield.

Unlike most stablecoins, A+ includes a whitelisting and compliance layer that mitigates counterparty and centralization risk. This mirrors how the Bank Secrecy Act and strict KYC and AML requirements function within the current financial system. Freezing, burning, and cooperation with law enforcement are under strict control by all A+ bank issuers that have consensus. It is thus adaptable to global regulatory requirements and, while supporting the network effects of the US dollar on-chain, allows regulated banks and financial institutions to issue cash- and cash-equivalent-backed stablecoins for domestic markets.

A+ hopes to bridge the worlds of decentralised and traditional finance through innovative technology and cooperation.

Join the waitlist to secure priority access or learn more here: https://www.aplusprotocol.com

A+ was catalysed by a small grant from the Ethereum Foundation.

A+ is an easy plugin solution for regulated financial institutions with the core functionality of Circle and Coinbase. Earn yield, on/offramp stablecoins, and access to an interoperable network that’s robust by design.

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