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.
IBM Remains Strong with Blockchain IBM, International Business Machines released a statement for Stronghold USD, a new cryptocurrency-USD pair that was created on the new Stellar blockchain infrastructure.
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,
Tech behemoth IBM has partnered with Stronghold to create the world's first FDIC-backed cryptocurrency stablecoin, Stronghold USD.
The post IBM and Stronghold Partner to Release USD-pegged Stablecoin appeared first on CoinCentral.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
On July 17, 2018, global payment and trading platform Stronghold announced the launch of their stablecoin “Stronghold USD. ” The cryptocurrency will be built on Stellar Lumens’ (XLM) blockchain and will offer a one-to-one ratio with the U.
В ближайшее время на криптовалютном рынке появится ещё один стабильный токен, который выпустит стартап Stronghold в партнерстве с американским технологическим гигантом IBM. Как и USDT, новый стейблкоин USD Anchor будет привязан к доллару США, и будет построен на платформе Stellar.
A crypto startup Stronghold is launching a new stablecoin in partnership with IBM. Stronghold, a financial institution building an asset-agnostic global payment and trade ecosystem, is launching a cryptocurrency insured by the Federal Deposit Insurance Corp.
A crypto startup Stronghold is launching a new stablecoin in partnership with IBM. The coin is pegged against the US dollar and is now available to institutional clients.
The post IBM Assists Stronghold in its New USD-pegged Stablecoin Launch appeared first on CoinSpeaker.
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