
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.
Time New Bank (TNB) на Currencies.ru
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