docs: add metadata standard for Stablecoins #1542
Draft
Add this suggestion to a batch that can be applied as a single commit.
This suggestion is invalid because no changes were made to the code.
Suggestions cannot be applied while the pull request is closed.
Suggestions cannot be applied while viewing a subset of changes.
Only one suggestion per line can be applied in a batch.
Add this suggestion to a batch that can be applied as a single commit.
Applying suggestions on deleted lines is not supported.
You must change the existing code in this line in order to create a valid suggestion.
Outdated suggestions cannot be applied.
This suggestion has been applied or marked resolved.
Suggestions cannot be applied from pending reviews.
Suggestions cannot be applied on multi-line comments.
Suggestions cannot be applied while the pull request is queued to merge.
Suggestion cannot be applied right now. Please check back later.
I've added a new document which defines the asset metadata standard that Terminal will use to extract rich data for assets and display on the website. I would like to gather feedback from the team and wider community before finalizing this.
Summary
This document describes the metadata specification for stablecoins minted on the Taproot Assets Protocol. When minting assets, issuers can include additional metadata about the asset which will be stored and synchronized with universes. Specifying the metadata using this standard allows applications like Terminal to pull in rich data and display them in the UI. The specification outlined below focuses solely on stablecoin assets that will not have a fixed supply. It is expected that there will be multiple issuance and burn events using the same Group Key to ensure fungibility between asset tranches.