“The process for seamlessly managing and trading assets of any form from digital to traditional currencies, needs to evolve as financial institutions are seeking ways to break into new asset classes like cryptocurrencies,” said Stronghold’s co-founder and CTO, Sean Bennett.
“Asset-backed tokens can provide seamless access to all currencies, improving the global movement of money,” he continued.
Stellar co-founder Jed McCaleb said Stronghold’s USD anchor is “a cornerstone piece of bringing the Stellar network to mass market adoption.”
IBM’s Stable Coin Boosts Bitcoin And Stellar’s Prices - Benefits Of Asset-Backed Tokens | Oracle Times
IBM managed to boost Bitcoin and Stellar’s prices just recently and here’s what happened. Big Blue announced a few days ago a partnership with Stronghold which is the first digital currency backed by US dollars and traded on the Stellar Blockchain Network. It seems that this is a brand new way for IBM to make […]
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