Comment from DTI Foundation
DTI FoundationSupportOther
Summary: The Digital Token Identifier Foundation (DTIF) expresses broad support for the proposed rule while advocating for the inclusion of the ISO 24165 Digital Token Identifier (DTI) standard. They argue that requiring a standardized, unique identifier for payment stablecoins is essential for market interoperability, accurate reporting, and fraud prevention.
The Digital Token Identifier Foundation (DTIF) and its Product Advisory Committee welcome the opportunity to respond to the NCUA’s Proposed Rule to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Our response highlights the critical role of internationally recognized common standards for the clear identification of stablecoins to support market development.
Please find our response attached.