2018-7-18 00:41 |
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM.
The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim.
As an exchange, Stronghold acts as a Stellar network anchor, a trusted entity that holds deposits and issues corresponding credit for these deposits.
Stronghold also chose to collaborate with IBM to explore the potential business and enterprise application of their newest offering.
Stronghold is currently accepting applications for institutional investors and entities to test Stronghold USD.