Sarson Funds Announces Public Launch of Casper Stablecoin (csprUSD) and Swiss Stablecoin Consortium Association

General

With
the
passage
of
Financial
Innovation
and
Technology
for
the
21st
Century
Act
(FIT
21),
U.S.
Stablecoin
legislation
has
gained
momentum
with
both
political
parties
viewing
stablecoin
regulations
as
a
necessary
first-step
in
reigning
in
the
disorderly
crypto
market.
Sarson
Fund’s
CEO
and
sponsor
of
the
newly
launched
US
banking
compliant
Casper
Network
stablecoin,
csprUSD,
John
Sarson
expressed
the
importance
of
establishing
robust
standards
for
stablecoin
issuers,
emphasizing
the
need
for
asset
segregation,
compliance,
proof-of-reserves,
and
KYC
requirements.

“When
Stablecoin
legislation
passes,
we
are
going
to
quickly
discover
which
stablecoins
are
out
of
compliance,”
says
Sarson,
suggesting
that
many
existing
stablecoins
do
not
qualify.
Equity
sale
proceeds
will
support
the
immediate
development
and
launch
of
additional
US-focused
stablecoins
on
various
layer-1
blockchains
and
will
be
used
to
expand
the
Stablecoin
Consortium
Association,
a
Swiss
advocacy
group
for
the
responsible
development
of
stablecoins
helmed
by
Sarson
Funds.

By
raising
directly
into
the
Stablecoin
Consortium
Association
Sarson
Funds
aims
to
provide
investors
with
a
targeted
bet
on
the
growth
of
regulated
stablecoins
coins
globally.
A
boutique
manager
in
blockchain,
US-domiciled
Sarson
Funds
serves
as
a
trusted
advisor
to
professional
investors,
web3
founders,
and
top
crypto
projects.

COMPANIES:

Casper Association,

Sarson Funds,

Stablecoin
Consortium
Association