Sarson Funds Launches Stablecoins on Bitcoin Cash (BCH) and Casper (CSPR)

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July 18, 2023 11:00 AM EDT

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INDIANAPOLIS, IN - Sarson Funds announces the launch of US-dollar stablecoins on Bitcoin Cash (BCH) and Casper Network (CSPR). The singular asset to back the stablecoins is Circle’s USDC which will be held on-chain in a publicly verifiable address. Sarson Funds seeks to take advantage of USDC’s transparency and trust, along with on-chain proof-of-reserve validation by Accountable, and on-chain KYC solution KYC Connect, to create the most transparent and trusted stablecoins on the BCH and CSPR networks.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

Both new stablecoins (bchUSDC and csprUSDC) will focus on pre-compliance.
Sarson Funds has selected Circle’s USDC as the only form of accepted collateral for the issuance of bchUSDC and csprUSDC.
KYC firm Blockpass and Weavechain-powered Accountable have been selected for the project's compliance requirements.

Click image above to view full announcement.

Founded in 2017 and located in Indianapolis, Indiana, Sarson Funds, Inc. manages capital for accredited investors and provides institutional crypto market and web3 services. With Wall Street roots, Sarson Funds, Inc. has a reputation for regulatory compliance and investment excellence. Designed as an advisor to the advisor, Sarson Funds has focused on empowering Financial Professionals through education on cryptocurrency and blockchain, a mission which was recently handed off to the Boston-based American Crypto Academy in a January 2023 spinoff.