Stablecoin Requirements

Guidelines for e-money tokens used as settlement currencies on 21X, including compliance, technical specifications, and supported networks.

General Stablecoin Requirements

• Stablecoins must comply with Regulation (EU) 2023/1114 (MiCA).

• Must include a whitelist/blacklist system to block sanctioned entities.

• Must be deployed on supported DLT networks: Polygon PoS, Stellar Network, or Solana (in preparation).

Technical Requirements by Network

• Polygon PoS: Must adhere to the ERC-20 standard and support 6 decimal places.

• Stellar Network: Must implement the SEP-41 interface.

• Further EVM and non-EVM chains will be enabled soon.

FAQ

Can a stablecoin/e-money token listed on 21X be freely transferable?

Yes, free transferability is recommended, with a blacklist function preferred for compliance.

What protocols does 21X support?

21X currently supports Polygon PoS and Stellar Network. Further network support is in preparation.