Global Stablecoin Association (GSA) to be Established at Blockchain Budapest


The world’s first initiative to establish cooperation within the stablecoin space is coming from the world recorder hyperinflation capital of Budapest. In a secret room at Blockchain Budapest conference on the 8-9th of November Global Stablecoin Association (GSA) will be established. Followed by presentations from stablecoins on the main stage where also leading blockchain and cryptocurrency experts, such as smart contract inventor and blockchain veteran Nick Szabo will have presentations.

In a recent article, Bloomberg stated that stablecoins are the holy grail of the crypto market. This is the hot, new and fastest growing area within the cryptocurrency space. But there’s a lack of information about stablecoins. Very few people know how and why they are working and what are they good for. Also, regulations about cryptos are usually unclear, inconsistent, in the case of stablecoins it’s even more obscure. Are they securities, utility token, virtual currencies or something else? It is crucial to make regulators understand the concept and risks of various types of stablecoins, and to convince them about the usefulness of these types of cryptos.

In the secret room, where GSA wil be formed only stablecoin projects, invited experts from Government Agencies and from the big 4 accounting firms will be present, and all that will happen behind closed doors. Stablecoin projects can still apply to be founding member of GSA.

The mission statements of GSA:

1. To raise awareness on the importance of stablecoins

2. Be proactive in regulation issues

3. Creating common lobbying body and arguments to defend against haircutting type regulations

4. To help achieve mass adoption of cryptos in the real world economy

5. To publish guidelines, recommendations and best practices of the industry

6. To work out a self regulating system for the industry also a rating system and publish periodical market reports from stablecoins

7. Bring more transparency to the stablecoin space

More information is available at this website:

Blockchain Budapest is the leading blockchain event of Central Europe, with 1000 attendees and more than 40 speakers from around the globe.

Why Budapest is the hyperinflation capital

Between the end of 1945 and July 1946, Hungary went through the worst inflation ever recorded in human history. An inflation rate that peaked at more that 207% on a daily (!) basis, that’s a yearly inflation rate of a whopping 41.9 quadrillion percent. No country in the world experienced such hyperinflation yet, even the second largest hyperinflation in the history was “only” 98%.

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Betty Tűndik
Betty Tűndik
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.