ACI FMA Inks Partnership with Stablecoin Association
Posted by Colin Lambert. Last updated: February 22, 2024
ACI – The Financial Markets Association has announced a partnership and cooperation with Stablecoin Standard, the industry body for stablecoin issues.
The two associations say the collaboration will support the adoption of stablecoins and the evolution of the industry through education, resources, and shared initiatives. ACI FMA has chosen its member of the management board, Anne-Maria Rothenstein to lead the initiative from its side. Rothenstein also chairs the ACI FMA Regulatory Working Group and is a founding member of the ACI FMA FX Committee.
Rothenstein will represent ACI FMA on the Stablecoin Standard Advisory Board, while Alan Scott, chair of the ACI FMA Digital Asset Committee is nominated to work with the Stablecoin Standard working groups.
“As a financial markets association with an established history of developing and enhancing education, as well as promoting ethical standards and conduct for all market participants, we look forward to supporting this new industry body in the digital asset space,” says Kim Winding Larsen, president of ACI FMA. “As an example, in our ACI FMA ELAC Portal for E-Learning, Attestation and Certification, all market participants are already able to be trained and certified, on a continuous basis, to industry codes, guidelines and/or standards, allowing firms to demonstrate proof of adherence to the good market practices advocated by these initiatives.
“With this co-operation, ACI FMA is looking forward to working with Stablecoin Standard to enhance ELAC, as it will support ongoing adherence to the standards and best practices set for all staff members with roles in stablecoin issuers,” he adds.