Stratis is excited to announce the launch of its interactive test environment—a significant step forward for the GBPT Token. This environment allows anyone to engage directly with Stratis technology and receive test instances of the GBPT Token. Currently, the test environment enables the minting of stablecoins; however, the inclusion of burn support is imminent. Be sure to read this blog to learn more about Stratis’ vision and how you can keep up to date with the latest developments!
Exploring Stratis’s Stablecoin Solutions in a Secure Test Environment
The test environment highlights the foundation of Stratis’s Stablecoin Solutions for GBPT and other fiat-backed stablecoins, enabling consumers to receive a stablecoin efficiently and simply in exchange for a fiat deposit. As this is deployed in a test environment, there is no integration with Open Banking and KYC/Compliance vendors; however, it provides a glimpse into what the process will look like.
Importantly, even though this is a test, the minting function uses FIPS 140-2 Level 2 validated HSMs to ensure that cryptographic keys are processed and stored within a physically and logically protected hardware device.
Stratis encourages its community to explore and test the functionality using the link below:
https://stablecoin.stratisplatform.com
Strengthening Compliance and Security Through Strategic Partnerships
As mentioned above, Stratis is establishing strategic partnerships with leading compliance experts such as ShuftiPro and Elliptic. These collaborations are crucial in ensuring the highest standards of security and compliance, enabling Stratis to navigate complex regulatory landscapes while offering innovative solutions. ShuftiPro, renowned for its cutting-edge identity verification services, will assist Stratis in ensuring that all transactions and user interactions are secure and verified, aligning with global KYC (Know Your Customer) and AML (Anti-Money Laundering) standards. Meanwhile, the partnership with Elliptic, a leader in risk analysis for blockchain-based assets, enhances the integrity of Stratis’s solution by providing advanced analytics to prevent fraudulent activities and provide assurance for businesses leveraging the Stratis Stablecoin Solution.
Advancing Regulatory Approval and Expanding Presence in Europe
Stratis is continuing to make significant progress with its application with the Financial Conduct Authority (FCA) in the UK. Achieving regulatory approval is a complex process, and Stratis is committed to meeting stringent standards to build a secure and reliable foundation for its operations. More details regarding the application will be revealed in the near future. In addition to Stratis’ regulatory efforts in the UK, Stratis is also focusing on expanding its presence in Spain. Stratis is proud to announce that it recently received approval from the Bank of Spain, granting it as a Virtual Asset Service Provider (VASP). This approval highlights Stratis’s commitment to adhering to European regulations and offering a secure and compliant platform for its users across multiple jurisdictions.
Join Stratis on This Exciting Journey
Stratis invites you to explore its test environment today and contribute to shaping the future of Stratis Stablecoin Solutions. Visit https://stablecoin.stratisplatform.com to get started, and join our Discord server at https://discordapp.com/invite/9tDyfZs to become a part of our growing community!
