We’re excited to announce issuers on the Stablecoin Studio platform can now benefit from an additional layer of risk mitigation thanks to new screening and investigation solutions from Elliptic, the global leader in crypto asset risk management.
We believe stablecoins will become ubiquitous as institutions and fintechs accelerate their on-chain innovation and adding Elliptic’s holistic risk mitigation support will further distinguish Stablecoin Studio and the Hedera network as the optimal choice for all issuers.
For anyone not yet familiar, Stablecoin Studio is an open-source SDK that simplifies the process of issuing stablecoins using Hedera network services by enabling stablecoin issuers to easily deploy applications and oversee operations via a comprehensive management toolkit.
The toolkit offers proof-of-reserve functionality that utilizes existing systems or on-chain oracles to bolster the ability to provide transparency in disclosure, while seamless custody provider integrations ease development and reduce time to market.
Complemented by advanced, Hedera-native KYC/AML account flags and integrated service provider hooks, Stablecoin Studio gives issuers new ways to manage compliance and security.
And now institutional issuers, enterprises, web3 stablecoin platforms, and payment providers using Stablecoin Studio to issue tokens will benefit from rapid support of their stablecoins within Elliptic’s compliance solutions, making it easy for them to screen wallets and transactions for risk in a compliant manner.
Leveraging its next-generation Holistic technology, the Elliptic integration means any wallets or transactions screened in the Elliptic platform will automatically trace across and between different blockchains and assets for risk, now including the Hedera network and native tokens.
Clients or participants merely need to utilize Elliptic’s “Holistic Screening” option when screening a wallet or transaction via its user interface or API to automatically assess these for risk across the Hedera network and native tokens.
“As global attention turns to stablecoin regulation, it’s more important than ever for issuers to consider the technologies underpinning their compliance stack,” Said Elliptic CTO Jackson Hull. “We’re thrilled to be on the frontiers of finance’s next generation by bringing additional layers of confidence and trust to everyone issuing tokens through Hedera network’s cutting-edge Stablecoin Studio platform.”
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