IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network


Stronghold, a San Francisco-based financial institution that has been developing an asset agnostic payment and trade ecosystem, has launched an asset-backed token on the Stellar network, the first venture supported USD anchor for the network. Buyers of the coin will deposit U.S. dollars with Stronghold’s partner bank, Nevada-based Prime Trust, enabling Stronghold to issue the tokens

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Posted by Lester Coleman on July 18, 2018 @ https://www.ccn.com/ibm-backs-a-dollar-pegged-stablecoin-crypto-token-on-the-stellar-network/

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