2018-7-18 14:15 |
And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM.
Stronghold USD is said to be backed one-to-one by fiat US dollars held at the company’s partner bank, Prime Trust.
Also Read: Malta-Based Company Launches New Euro Backed Stablecoin, EURS
Stronghold USD
Stronghold, a trading platform built on Stellar which recently raised $3.3 million from Freestyle Capital, has launched a new stablecoin called ‘Stronghold USD’.
The company also announced a collaboration with IBM to explore uses for the token within business networks on the IBM Blockchain Platform.
IBM Blockchain Development
“The digitization of real-world assets using blockchain can dramatically transform many forms of financial transactions conducted around the world,” said Jesse Lund, global vice president of IBM Blockchain.
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