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Tag Archives: Stablecoin

IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network

Stronghold, a San Francisco-based financial institution that has been developing an asset agnostic payment and trade ecosystem, has launched an asset-backed token on the Stellar network, the first venture supported USD anchor for the network. Buyers of the coin will deposit U.S. dollars with Stronghold’s partner bank, Nevada-based Prime Trust, enabling Stronghold to issue the tokens on a 1-to-1 ratio, according ...

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IBM Backs ‘Stablecoin’ Stronghold USD for Fast and Secure Financial Payments

IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a cryptocurrency that is pegged to the U.S. dollar. IBM Announces the Use of Federally Backed ‘Stablecoin’ Stronghold USD ...

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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar

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.S. dollars per coin,” according to an official press release, and held in an account with Nevada-based Prime Trust, the same trust company that banks for the stablecoin TrueUSD. The stablecoin is ...

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Stasis Onboards First Institutional Client for EURS Stablecoin

Stasis, the crypto ecosystem which recently launched the stablecoin EURS that is paired exactly against the Euro recently announced that it had onboarded its first institutional client. The announcement was made through a tweet by Stasis CEO Gregory Klumov. Speaking exclusively to CCN, Klumov explained that the client operates in the field of money management. onboarded first institutional client #EURS ...

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KuCoin Enables Trading of Havven’s nUSD Stablecoin

Stablecoins have been making an impact on the cryptocurrency industry over the past two years. What first started out as an effort by Tether has turned into a full-fledged competition with TrueUSD, nUSD, and a few other currencies aiming to achieve the same goal. KuCoin is one of the first exchanges to have integrated Havven’s nUSD stablecoin, which will be ...

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New Stablecoin Backed by the Euro, EURS

A Malta-based company Stasis has launched a new stablecoin called EURS. EURS is backed by the Euro and should trade on a one-for-one basis. The coin has been built on the Ethereum EIP-20 standard platform and has already begun trading on London-based exchange DSX already. DSX predict the order volume to reach $500 million USD by year-end. Stablecoins: EURS and Tether ...

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Coinbase, Billionaire Peter Thiel Back New ‘Reserve’ Stablecoin

Coinbase and Silicon Valley investor Peter Thiel are among over 40 groups, funds, and angel investors backing the latest addition to the cryptocurrency ecosystem’s stablecoin arsenal, a new stable token called Reserve, which  closed $5 million in its first round of funding The stablecoin, which is pegged 1:1 to the value of USD, is in the developmental stages with a ...

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