The U.S. Federal Money Service Business Association (FedMSB) has launched the Stablecoin Standards Authority (SSA), a new independent body focused on setting benchmarks for dollar-denominated stablecoins. The SSA will develop voluntary best practices across five key areas, including technical standards and reserve reporting. Additionally, it will support the creation of the AmCoinX index to monitor stablecoin market trends. FedMSB Chair Van Yang emphasized that the initiative seeks to foster innovation while ensuring market integrity and public trust.