IBM to help launch a stablecoin pegged to USD and insured by FDIC

A startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed one-for-one with U.S. dollars held at a Nevada-charted trust company called Prime Trust, which in turn will deposit the cash …

from #OCWorkbench – Fintech Blockchain Ethereum Tech Reviews https://ift.tt/2LmspA7
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