Fintech startup Stronghold has created a new stablecoin token dubbed the ‘Stronghold USD’ and it has received support from IBM. The token is launched on the Stellar network.
Stronghold is the first ever stablecoin to use the Stellar network and is reportedly backed by the US dollar at a 1:1 price ratio.
IBM and Stellar
IBM has been using the Stellar network since 2017 for cross-border payments and has now adopted the new stablecoin to enhance this process.
According to IBM’s senior vice president of global industries, platforms, and blockchain, Bridget van …
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
Powered by WPeMatico
Leave a Reply