Sarson Funds

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.

According to Sarson Funds, both blockchain platforms are seeing rapid user growth and are experiencing increasing demand for stablecoins.

“Over the past two years it has become clear that stablecoins are a vital part of a blockchain’s ecosystem, but not all stablecoins are created equally. Assuming the eventual passage of the Responsible Financial Innovation Act in the US, stablecoins will need to be collateral backed and will need qualified banking partners. Modern stablecoins need to meet higher standards for compliance, proof-of-reserves and KYC.

The days of stablecoin issuers cutting corners and playing dumb are over.”

-John Sarson, CEO Sarson Funds

According to Sarson Funds, placing “pre-compliant” stablecoins on SmartBCH and Casper Network will allow those communities to transact confidently knowing that emerging regulations will not interrupt transactions or turn off token availability for US-based customers. Sarson Funds has deep knowledge of the Stablecoin marketplace having run a Stablecoin hedge fund since 2020 and has multiyear relationships with the development teams at Casper Network and Bitcoin Cash. This launch will be Sarson Fund's first foray into issuing stablecoins, and they cite increasing demand in both ecosystems as the catalyst for the product launch.

Key Partners:

Sarson Funds has selected Circle’s USDC as the only form of accepted collateral for the issuance of bchUSDC and csprUSDC and intends to utilize a yet-to-be identified US-banking partner to maintain collateral account directly with Circle. On-chain KYC firm, Blockpass, who specializes in offering Comprehensive KYC-as-a-Service for Regulated Industries has been selected to serve as the projects KYC and compliance coordinator. Proof-of-reserve audit partner Accountable, powered by Weavechain, will provide real-time accounting transparency to both networks. Sarson Funds has existing business relationships with Circle, Blockpass and WeaveChain, Casper Networks and multiple firms operating in the Bitcoin Cash Ecosystem.

Anticipated Launch: Anticipated launch of Bitcoin Cash stablecoin ticker symbol bchUSDC is August 1^st, 2023 and Sept 1^st, 2023 for csprUSDC on Casper Network.

“We are confident the rapidly growing economies of Casper Network (CSPR) and Smart Bitcoin Cash (BCH) will find immediate use for a collateralized transparent stablecoin native to their blockchain.”

-Jacob Stelter, Project Lead at Sarson Funds

For more information, please visit: https://sarsonfunds.com/sarson-funds-inc-to-launch-stablecoins-on-bitcoin-cash-bch-and-casper-cspr/

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.

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