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

With the passage of the Financial Innovation and Technology of the 21st Century Act (FIT 21), U.S. stablecoin legislation has gained momentum, with both political parties viewing stablecoin regulation as a necessary first step to dominating the chaotic cryptocurrency market. John Sarson, CEO of the Sarson Fund and backer of csprUSD, the newly launched US bank-compliant Casper Network stablecoin, expressed the importance of establishing strong standards for stablecoin issuers and requiring asset segregation, compliance, proof of reserves, and KYC. The need for this was emphasized.

“If the Stablecoin Act passes, we will quickly discover which stablecoins are not compliant,” Sarson said, suggesting that many existing stablecoins will not qualify. Proceeds from the stake sale will support the immediate development and launch of additional US-focused stablecoins on various Layer 1 blockchains and will be used by the Stablecoin Consortium Association, a Swiss advocacy group for the responsible development of stablecoins led by Sarson Funds. It will be used to expand the Consortium Association.

Sarson Funds aims to provide investors with targeted bets on the growth of regulated stablecoin coins globally through direct participation in the Association of Stablecoin Consortia. As a boutique manager in the blockchain space, US-based Sarson Funds serves as a professional investor, web3 founder and trusted advisor to top cryptocurrency projects.

company: Casper Association, Sarson Fund, Stablecoin Consortium Association