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Georgi Georgiev | Bitcoinist IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. The new asset is dubbed ‘Stronghold USD’ after its creator, fintech startup Stronghold. IBM is interested in “stablecoin,” which is a coin connected to the current government-backed currency to moderate volatility. Coinbase's purchase of a broker-dealer, alternative trading system and a registered investment advisor was approved yesterday. In July 2018, IBM conducted a trial where the company evaluated a stablecoin called Stronghold USD, comparing it with the USD (in the same way Tether USDT is used), and which is traded on the Stellar platform. However, the company now announced it will partner with Stronghold USD “to experiment with ways for financial institutions and other organizations to achieve faster, safer and more efficient transaction processing and money transfer The evolution of the IBM Blockchain Platform: Choice and control on IBM Z and LinuxONE. Stronghold is a trading platform that runs on Stellar’s blockchain. FDIC-backed Stablecoin Launched in Partnership with IBM July 17, 2018 by Mark Hartley Leave a Comment USD Anchor is the name of a new FDIC-backed stablecoin and is the latest fiat-linked initiative by the cryptocurrency community. dollar and is being developed by financial services provider Stronghold, with backing from tech giant IBM. The stablecoin is called Stronghold USD, after the startup Stronghold fintech which is behind the project. IBM is exploring the use of a 'stablecoin' to facilitate fast and secure payments within the financial services sector. IBM has officially entered the stablecoin game. And the most recent stablecoin to strike the market involves a fascinating supporter, computer technology huge IBM. A IBM está explorando o uso de uma “stablecoin” para facilitar pagamentos rápidos e seguros dentro do setor de serviços financeiros. The Stellar platform now has a stablecoin in the form of Stronghold USD. Stronghold USD is said to be backed one-to-one by fiat US dollars held at the company’s partner bank, Prime Trust. -based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. ibm stablecoin The token, as the name suggests, is developed by fintech startup Stronghold. PwC is just the latest major firm to jump on the stablecoin bandwagon, joining companies like IBM and venture capitalist Andreessen Horowitz, who see the coins as a digital proxy for the dollar IBM Blockchain will explore the use of the stablecoin in blockchain business networks on its own enterprise offering. IBM is closely tied to Stellar and has already oriented its blockchain strategy around the network, and any mature payment protocol will need a reliable stablecoin on it. “There’s this tremendous opportunity to make blockchain payments feasible, especially for cross-border,” says Bridget van Kralingen, IBM’s senior vice president of global industries, platforms and blockchain. The San Francisco based firm also disclosed a strategic partnership with IBM to explore novel business applications using the stablecoin. dollar may be a better option for making payments than other digital currencies, which tend to be volatile. Tether is the most-widely adopted dollar-backed coin and now more accounts are being created when compared. Stronghold, a San Francisco-dependent money establishment that has been acquiring an asset agnostic payment and trade ecosystem, has introduced an asset-backed token on the Stellar network, the initially venture supported USD anchor for the community. Recently, there has been a so-called “stablecoin invasion”—in fact, according to a recent report, there are at least 57 stablecoins that have been released or are currently in development globally. 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 project is a stablecoin pegged to the U. The stablecoin, fittingly named Stronghold USD, was launched on the Stellar blockchain on Tuesday after some time in development. IBM has backed a new project for a U. Search. July 17, 2018. A startup cryptocurrency platform named Stronghold is getting some big-time help launching a new stablecoin from International Business Machines Corp. Stronghold launched on July 17, 2018, and is built on the Stellar blockchain. A crypto startup Stronghold is launching a new stablecoin in partnership with IBM. A business-to-business "stablecoin" solution is currently being tested on the Stellar network by IBM. IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. However, the QUOTE OF THE WEEK " Digital assets like Bitcoin and Ether, but also like hundreds of other token-based projects that are being developed, represent a new way for people to interact and engage in commerce with one another. Big Blue's blockchain is different to the View All Result . IBM has been highly proactive in the cryptocurrency and blockchain space for some time now, with some interesting projects already under their belt. Quote: "IBM is exploring whether a cryptocurrency pegged to the U. IBM has officially entered the stablecoin game. According to Reuters, IBM Corp will enter a partnership with U. Stronghold USD, meanwhile, is available on the Stellar blockchain platform. S. 21 Jul 2018 IBM and Stronghold to make a blockchain-based "stable coin"17 Jul 2018 NEW YORK (Reuters) - International Business Machines Corp (IBM. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a …IBM s’est associé avec la startup Stronghold afin de lancer une crypto-monnaie de type stablecoin adossée au dollar américain. crypto-france. IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. On Tuesday, IBM confirmed a partnership with the U. This is a big boost for the crypto market as the initiative seeks to avoid a market crash like the one experienced earlier this year. — IBM Blockchain (@IBMBlockchain) July 17, 2018. Artigo Atualizado: Julho 19, 2018. The stablecoin is named Stronghold USD after Stronghold, the fintech startup behind this project. The so-called stable coin, Stronghold USD, launched on the Stellar blockchain platform Stablecoin Stronghold launched on Tuesday as Stellar network’s first official, venture-backed USD anchor. She stated that Stablecoin is still a fiat currency because it is pegged to the US dollar and the reconciliation between fiat and cryptocurrency is a complicated process. 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’s foray into the stablecoin market is in partnership with Stronghold, a startup whose Stronghold USD stablecoin will be trialed for cross-border payments by IBM. Earlier today, IBM announced a partnership with FinTech startup, Stronghold, to create the first fully FDIC-insured stablecoin pegged to the greenback. IBM will explore new ways to use Stronghold USD and expand its global business for blockchain-based enterprise solutions. IBM is partnering with a startup called Stronghold on a new stablecoin project. IBM’s Stablecoin Launches On Stellar Platform. As part of its new project, IBM has announced a partnership with Stronghold, a crypto-involved fintech startup. Stronghold USD is backed up by the US dollars at a 1:1 ratio, the dollars being kept at the company’s partner bank, Prime Trust. . Why the IBM and Stronghold Collaboration The US based financial service provider is poised to give the cryptocurrency market additional stability by cushioning volatility. IBM's Jesse Lund and Stellar's Jed McCaleb answer audience questions at In collaboration with fintech startup Stronghold, IBM will launch a stablecoin that will be tethered to the value of the IBM Developing Stablecoin IBM already uses the technology from Stellar ( XLM ) for internal payment processing. ly/CryptoCoinNewsYT As part of its new project, IBM has announced a partnership with Stronghold, a Author: CryptoCoin. 18 2:58 PM Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. dollar. In July, for example, IBM backed Stellar-based Stronghold’s stablecoin project, and IBM’s latest venture could put any doubts about the company’s interest in Stellar, the sixth-largest cryptocurrency by market capitalization, to rest. The evolution of the IBM Blockchain Platform: Choice and control on IBM Z and LinuxONE. International Business Machines (IBM) is backing a new stable coin termed Stronghold USD which is launched on Stellar blockchain platform. IBM is exploring whether a cryptocurrency pegged to the U. For such payments, IBM currently uses a cryptocurrency known as Stellar Lumens as a conduit. IBM is the latest multinational to put its weight behind a digital token which is in principle tied to a government backed security – the USD. IBM Backs the Growth of Newest New Stablecoin, Stronghold USD IBM is using the Stellar blockchain to explore stablecoins. Jul 21, 2018 IBM and Stronghold to make a blockchain-based "stable coin"Jul 17, 2018 NEW YORK (Reuters) - International Business Machines Corp (IBM. dollar for each token issued. a stablecoin or any digital asset - to be The leading role in the project is played by the technological giant IBM, which is already considering various possibilities for applying a new token when servicing its clients submitted by financial institutions. dollar-pegged stablecoin that runs on the Stellar blockchain network. Stablecoin Aimed For Institutional Use. The company has not provided details on auditing policies. IBM is a IBM has been looking to get involved in the blockchain space for quite some time, but this is the first time they partnered with an upcoming stablecoin. 49. New Stablecoin on the Crypto Table In adding the Stronghold USD to the bitcoin table, IBM is the latest player to enter this cryptocurrency sphere. A stablecoin is a cryptocurrency that is pegged to the value of an underlying asset. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a …The International Business Machines Corporation (IBM) has partnered with Stronghold to launch USD Anchor, a “stablecoin” like Tether (USDT), with a couple of key differences. IBM aims to create methods for financial institutions to interact faster and more efficiently with one another. IBM, separately, has also announced that it’ll partner with Columbia Univeristy to open the Columbia-IBM Center For Blockchain and Transparency. -based Stronghold, a cryptocurrency payments company aimed at institutions, to create the “Stronghold USD,” a stablecoin with each unit pegged to the U. PWC has started getting into stablecoin advisory through partnerships, while IBM most recently announced its exploration into stablecoins through a collaboration with Stellar by building a IBM has partnered with the startup Stronghold to launch a cryptocurrency stablecoin backed by the US dollar. IBM has backed a new project for a U. Stronghold USD is the first of only two stablecoins to have been issued on the Stellar network. The other obvious reason why IBM is launching the World Wire service with Stellar is because Stronghold USD, a stablecoin created by the company pegged to the value of the U. The stablecoin is called Stronghold USD, after the fintech startup Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network's blockchain in collaboration with IBM. Stronghold USD is said to be backed one-to-one by fiat US dollars held at company’s partner bank, Prime Trust. Currently, IBM uses a crypto named Stellar Lumens for these activities. In this most recent bid, IBM will be looking to achieve IBM has officially entered the stablecoin game. The coin is pegged against the US dollar and is now available to institutional clients. FDIC-backed Stablecoin Launched in Partnership with IBM. UK We use a range of cookies to give you the best possible browsing experience. That’s why it is no surprise that the company is considering the development of a dollar-backed stablecoin. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a …IBM is the latest multinational to put its weight behind a digital token which is in principle tied to a government backed security – the USD. In a partnership with US-based financial services provider Stronghold, IBM is backing a new crypto-currency pegged to the U. ” According to critics, the project resembles Tether, a stablecoin anchor, which has turned controversial. In this most recent bid, IBM will be looking to achieve Stronghold, a San Francisco-dependent money establishment that has been acquiring an asset agnostic payment and trade ecosystem, has introduced an asset-backed token on the Stellar network, the initially venture supported USD anchor for the community. Clarence-Smith said IBM's involvement signals the seriousness with which major technology companies are taking innovation in the crypto-asset market, including developments with stablecoin. IBM’s StableCoin IBM has long been known to be a solid partner of the Stellar organization and plans on using the blockchain to explore the option of creating a cryptocurrency pegged to the US Dollar (a Stablecoin). dollar-pegged stablecoin that runs on the Stellar blockchain network has received backing from IBM, Reuters Jul 17, 2018 A cryptocurrency pegged to the U. This is only one of two stablecoins to use the Stellar Blockchain network. Still, doubters be damned. ” Commenting on the food safety initiative, Bridget van Kralingen, the senior vice president for IBM’s Global Industries and Blockchain, said: IBM’s Stronghold USD. Share on Facebook. Stronghold USD is pegged to a dollar and would help financial institutions handle financial transactions more securely and faster. This is a plus! Conclusion In a partnership with US-based financial services provider Stronghold, IBM is backing a new crypto-currency pegged to the U. According to the official announcement, the new stablecoin, which will be called Stronghold USD, will act both as a liquidity tool for exchanges and as a tool to enable banks to issue credit into transactional networks and trade ecosystems. IBM Blockchain will explore the use of the stablecoin in blockchain business networks on its own enterprise offering. IBM lance son « stablecoin » IBM s’est asso­ciée avec la star­tup finan­cière Stron­ghold pour lan­cer une mon­naie numé­rique ados­sée au dol­lar amé­ri­cain. IBM and Stellar. 7/17/2018 · While IBM is currently only working with the Stronghold USD stablecoin, it is interested in potentially using similar digital versions of other countries’ legal tender. The cryptocurrency will be tied to government-backed fiat deposited at banks covered by the Federal Deposit Insurance Corp (FDIC). . The goal of the partnership is the exploration of stablecoin, which is tied to a currency backed by the government. IBM has been utilizing the Stellar community since 2017 for cross-border funds and has now adopted the brand new stablecoin to boost this course of. IBMのグローバルブロックチェーン担当バイスプレジデントのJesse Lund氏は、IBMが「stablecoin」を支持している理由を説明しました。 「エンジニアリング作業はこのトークンで行われており、早期にリリースされる予定です。IBM Announces the Use of Federally Backed ‘Stablecoin’ Stronghold USD ‘Stablecoins’ have been around for quite some time now, usually being backed by one U. Dubbed Stronghold USD, the stablecoin which is built on top of the Stellar network is targeted at institutions and other organizations. The stablecoin is called Stronghold USD, after the fintech startup Stronghold that is behind the project. Tech giant IBM is one of the company’s backers and will test the use of stronghold USD to settle payments on its own blockchain network. Business to Business stablecoin IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. The USD Anchor stablecoin is collateralized with US dollars matching the value of the token. " Unique opportunity for the US economy, they have to make a "stabledollar", pegged to the chosen cryptocurrency. IBM’s stablecoin, called Stronghold USD, will be built on a private blockchain, and used only by institutions. S-based Stronghold financial services platform, that will see the IBM use the new cryptocurrency in its systems. For IBM, the stablecoin is only the first step down a path could lead to multiple digital currencies. They are called stablecoins because the value of these cryptocurrencies are kept stable in relation to the underlying asset. In an official press statement released, both parties decided to name the cryptocurrency “Stronghold USD,” which will be supported by the US dollars. ibm stablecoinJul 17, 2018 News. We’re living in a multicloud world. IBM head of Blockchain Solutions, Financial Services, Jesse Lund then said that the idea behind the launch of stablecoin is to operate within the regulatory ambit while simultaneously deriving the IBM’s foray into the stablecoin market is in partnership with Stronghold, a startup whose Stronghold USD stablecoin will be trialed for cross-border payments by IBM. Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. The company announced this move in a blog post, adding that Stronghold recently entered collaborations with IBM, a tech giant, to explore uses for Stronghold USD within blockchain business networks on the IBM Blockchain platform. -based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. N) is backing a new cryptocurrency pegged to the U. Replacing a stablecoin for the fiat currency could help lower the risks of major swings in exchange rates and improve costs for IBM A stable coin is a digital currency that is pegged to another stable asset like gold, or to major fiat currencies like Euros, Pounds or the US dollar. The new asset is also named Stronghold USD and uses a 1:1 price ratio to the dollar. NewsStronghold Releases USD Stablecoin for Stellar, Partners With IBM Stablecoins are a market that is currently dominated by Tether (USDT) , but there are also a number of contenders such as True USD (TUSD) , Dai (DAI) , and the upcoming USDC (USD Coin), which is being developed by Circle. Replacing a stablecoin for the fiat currency could help lower the risks of major swings in exchange rates and improve costs for IBM IBM has partnered up with Stronghold and launched the stable coin Stronghold USD whose every token is backed by one US Dollar. 20500 Total views. The stablecoin is called Stronghold USD, after the fintech startup IBM has partnered with startup Stronghold and Stellar blockchain to launch USD Anchor, a stablecoin that can be used to facilitate cross-border transfers. IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Stellar blockchain network, and is reported to have already begun testing the token On Tuesday, Jesse Lund, IBM’s vice president of global blockchain market development, wrote a post on the company’s website about stablecoins. "As the name suggests, a stable coin is a digital token that has low price volatility because it is pegged to an underlying fiat currency," he wrote. dollar to make it more stable. Backed by IBM, Stablecoin is pegged to the US dollar, and it is developed by financial services firm Stronghold. 8/2/2018 · IBM Announces Experiments with New Stablecoin Subscribe: http://bit. Stronghold has announced the creation of a joint venture with IBM that will explore use cases for an also new asset-backed stablecoin dubbed ‘Stronghold USD’. IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network July 18, 2018 News Crypto Guide 0 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. The new stablecoin will be the first of its kind to be issued and transacted through Stellar’s blockchain ecosystem. The coin, termed Stronghold USD, will be deployed on the Stellar Lumens blockchain to leverage its proof-of-stake consensus mechanism to verify all transactions. dollar, Stronghold USD is backed by FDIC-insured USD reserves with custody provided by PrimeTrust. This makes me feel like IBM backing this stablecoin on the blockchain is something that is exceedingly likely to occur. 29 today in the afterglow of the news that IBM is working with startup Stronghold to launch a stablecoin on its blockchain. Today, 85 percent of businesses rely on multiple clouds to meet their IT needs, with 71 percent using more than three[1]. This approval comes after Coinbase announced they were looking into adding other tokens. Home Market. IBM will explore use cases with business networks that we have developed, as a user of the token, we see this as a way of bringing financial settlements into the transactional business network that we have been building. According to Jesse Lund, the Vice President of Global Blockchain in IBM believes stablecoin is the best of both the world in the sense that while it has the attributes of a cryptocurrency that makes it Stablecoin Aimed For Institutional Use. Reuters reported that IBM, one of the largest technology companies in the world, has just announced that it will be backing a new cryptocurrency stablecoin that will be pegged to the value of one U. A "stablecoin" that is pegged to USD opens a whole world full of new opportunities for Stellar/IBM including ease of implementation in stores as it would be the same as taking payments in USD, without the risk of the asset being worth 20% less within a week. A stablecoin is not the permanent solution, just like training wheels on a bicycle. On July 17, 2018, global payment and trading platform Stronghold announced the launch of their stablecoin “Stronghold USD. The article goes on to state, “The ‘Stronghold USD’ token is asset-backed (at one-to-one U. In the same month, IBM announced that it was involved in an environmentally friendly crypto project also built on Stellar. In this case, Stronghold Stronghold has also introduced a stablecoin, the Stronghold USD token, which is pegged 1:1 to the US dollar, with reserves held by a state-chartered trust company. The tech giant has teamed up with institutional asset management 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. dollar, based on the Stellar network, is part of an IBM project to explore "crypto dollar" payments. Now, IBM will also begin testing a so-called stablecoin, or “crypto dollar,” that runs on the Stellar blockchain network. 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. Alors qu’International Business Machines, alias IBM, a récemment signé un contrat de développement blockchain de $740 millions avec le gouvernement australien, nous apprenons désormais que la firme se lance dans le développement d’un stablecoin. Baptisée Stronghold USD , la devise s’appuiera sur la plateforme blockchain Stellar et sera assurée par l’organisme américain FDIC . S. It further announced that IBM is busy in an eco-friendly crypto project also developed on Stellar. Certificates awarded will be co-signed by IBM. -based Stronghold, a cryptocurrency payments company aimed at institutions, to create the “Stronghold USD,” a stablecoin with each unit pegged to the U. Another Stablecoin in IBM Partnership The computer firm’s interest in the project builds upon it’s already growing attempts to revolutionize the industry. The Quest for a Stablecoin; IBM Joins in with Stronghold USD By Kiprotich Koros Posted on July 18, 2018 0 Comments Wild price swings is the order of the cryptocurrency industry. An IT giant for decades, IBM has joined with start-up Stronghold to launch a new stablecoin tied to the US dollar in its traditional US government-backed form. The announcement is the latest in a series of positive developments linking mainstream business to the bustling world of cryptocurrency. IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. Launched today, USD Anchor will run on the Stellar blockchain and will be backed one-for-one by the US Dollar. As part of its new project, IBM has announced a partnership with Stronghold, a crypto-involved fintech startup. There hope is that by providing a more “stable” currency, it would make for a better payment option due to the many issues faced by merchants when accepting payments for goods or services. (IBM) continues to double down on blockchain, the underlying distributed ledger 18 Jul 2018 Stronghold also announced a partnership with IBM Blockchain to identify Stronghold USD uses in blockchain business networks. com/stronghold-usd-ibm-stablecoin-dollarCette cryp­to-mon­naie – dont la valeur res­te­ra stable face au dol­lar – s’appuiera sur la pla­te­forme blo­ck­chain déve­lop­pée par Stel­lar. Now, IBM will also begin testing a so-called stablecoin, or “crypto dollar,” that …Stablecoin Aimed For Institutional Use According to Reuters, IBM Corp will enter a partnership with U. In this most recent bid, IBM will be looking to achieve better what other stablecoins have attempted in the cross-border payments and B2B sector. The token will be used on the IBM’s blockchain platform whereas the tokens will be issued and transact on the Stellar network. Stellar, is a USD cryptocurrency pair, created via the Stellar Blockchain Structure. IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network Tweet Share 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. Tether is one stablecoin that’s been widely adopted, though its true value On July 17, IBM announced its involvement in a stablecoin project. IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Watch video · Now, IBM will also begin testing a so-called stablecoin, or “crypto dollar,” that runs on the Stellar blockchain network. Now, IBM will also 17 Jul 2018 A stable coin is a digital currency that is pegged to another stable asset like gold, or to major fiat currencies like Euros, Pounds or the US dollar. backed stablecoin that works on the Stellar blockchain network. IBM company which became one of pioneers in business solutions on a blockchain in the sphere of deliveries and international payments may soon introduce its own stablecoin. The tech giant will be experimenting with using the stablecoin for some of its payment solutions. Earlier last month, Australian crypto exchange Bit Trade partnered with Emparta, an employment protocol system, to develop a stablecoin. Dear Readers, Happy Tuesday! Kodak's blockchain venture has collapsed. The Columbia-IBM Center for Blockchain and Data Transparency is a cross-disciplinary initiative and will explore key issues related to transparency and data when using blockchain technology. IBM’s larger remit for the stablecoin will be to develop solutions to help banks and institutions process payments quickly and securely using blockchain technology but in a manner which removes the inherent volatility of cryptocurrencies. IBM company which became one of pioneers in business solutions on a blockchain in the sphere of deliveries and international payments may soon introduce its own stablecoin. IBM is backing a new US dollar-pegged "stablecoin" as it looks to explore ways to make transaction processing and money transfers faster, safer and more efficient. The process of developing the Dai Stablecoin System has matured significantly over the course of the last year. 11/26/2017 · The process of developing the Dai Stablecoin System has matured significantly over the course of the last year. Island of Stability: Stable Coins Keep Attracting Big-League Investors . Tweet on Twitter. ” The cryptocurrency will be built on Stellar Lumens’ blockchain and will offer a one-to-one ratio with the U. IBM said it will try different things with the virtual greenback to investigate methods for helping banks and other budgetary establishment’s process installments quicker and all the more safely. IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Stellar blockchain network, and is …IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. The newest stablecoin to appear in the scene is Stronghold USD, having IBM as its supporter. views. On July 17, IBM revealed that it has forged a partnership with fintech startup Stronghold, resulting to the creation of a newly-minted stablecoin. 7/17/2018 · Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. IBM is backing a new cryptocurrency pegged to the U. This is such a big surprise! (Sarcasm) Coinbase Approved to List Securities. -based Stronghold, a cryptocurrency payments company aimed at institutions, to create the “Stronghold USD,” …IBM Backs New US Dollar-Pegged Stablecoin That Runs on Stellar Network. For IBM, the stablecoin is only the first step down a path could lead to multiple digital currencies. In July, CCN reported that IBM backed a dollar-pegged stablecoin issued by Stronghold on the Stellar network. IBM Is Testing Cryptodollar Stablecoin on Stellar Network. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a …An IT giant for decades, IBM has joined with start-up Stronghold to launch a new stablecoin tied to the US dollar in its traditional US government-backed form. It also hopes the stablecoin will help reduce the current volatility which surrounds digital coins. Pegged to the U. A new project for a U. IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Stellar blockchain network, and is …Stablecoin Aimed For Institutional Use According to Reuters, IBM Corp will enter a partnership with U. Dana Blankenhorn is a financial and technology journalist. Stronghold USD is usually said to be supported one-to-one by fiat US dollars kept at the company’s partner bank, Prime Trust. The announcement is the latest in a series of positive Claire Hughes Johnson, the Chief Operating Officer of Stripe had a few comments about IBM’s Stablecoin as well. On July 17, IBM announced its involvement in a And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. What Are Stablecoins? For those who are unaware, a stablecoin is a cryptocurrency that is pegged to the valueStellar (XLM) is up 25% to $0. IBM Backs A Stablecoin Leading To A Stronger Competition. IBM is the Grey Gardens of technology, and while income investors can still make money on that, the rest of us need to drive on by. The stablecoin is called Stronghold USD, after the fintech startup Stronghold that is behind the project. Stablecoin is becoming one of the biggest and the best cryptocurrency coins on the market and this can be done with any currency. IBM are also backing a stablecoin – Stronghold USD, which marketed as a direct competitor to the controversial Tether (USDT). (NYSE: IBM). chainbits. IBM Remains Strong with Blockchain. Jesse Lund, IBM’s vice president of global blockchain, told Reuters that: “IBM will explore use cases with business networks that we have developed, as a user of the token. IBM is currently considering a stablecoin to edge through the volatility of the cryptomarket. Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network's blockchain in collaboration with IBM. IBM has been using the Stellar network since 2017 for cross-border payments and has now adopted the new stablecoin to enhance this process. " Ethereum’s Vitalik Buterin Criticized IBM’s Blockchain, says “Totally Not the point” Description In a recent interview with quartz , Ethereum’s Vitalik Buterin said the companies those are looking to leverage the recent hype of blockchain solutions is completely a “wasted time”. IBM is pushing ahead. IBM's Jesse Lund and Stellar's Jed McCaleb answer audience questions at Author: Ethereum FoundationViews: 9KIBM Backs New Stablecoin Run on Stellar Blockchain | ChainBitshttps://www. dollar, in a Jul 17, 2018 Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network's blockchain in collaboration Jul 18, 2018 Stronghold also announced a partnership with IBM Blockchain to identify Stronghold USD uses in blockchain business networks. Leave a Comment on IBM helps Stronghold launch a stablecoin On July 17, a startup Stronghold has announced it is launching a stable coin called Stronghold USD, which will run on the Stellar blockchain and use its consensus mechanism to verify transactions. 가격변동폭이 크지 않은 코인이죠. Pallavi Janiani cryptocurrency cryptodollar ibm stablecoin stellar USD July 18, 2018. 17. We know it’s no news anymore that tech giant IBM has launched its digital asset Stablecoin on Stellar DEX platform, but it is worthy of mention here. The first scenario for the use of the token may be cross-border payments. A gigante de tecnologia. The tech giant has put its weight behind a so-called “stablecoin,” a digital token that is tied. The project, called Stronghold USD, is a token pegged to the value of the U. IBM is reportedly looking into a cryptocurrency that’s tied to the U. Technology Giant IBM just announced that it is partnering with Stellar, Ripple and a startup called Stronghold to launch USD Anchor—stablecoins or coins that are pegged to fiat currency. Stellar is already an ardent supporter of dollar-pegged cryptos, with the blockchain facilitating over 10 stablecoins, including the USD Anchor - created by IBM and the start-up Stronghold. dollars per coin) with reserves held by a state-chartered trust company. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. com/news/ibm-backs-new-stablecoin-run-onAccording to the latest news reports, IBM is partnering with fintech startup Stronghold on a stablecoin that is pegged to the US dollar. On July 17, IBM announced its involvement in a stablecoin project. IBM has partnered with startup Stronghold and Stellar blockchain to launch USD Anchor, a stablecoin that can be used to facilitate cross-border transfers. Reuters reports the stablecoin, Stronghold USD, launched on the Stellar blockchain platform. dollar, in a partnership with U. 0.   A new project for a U. A gigante de tecnologia associo-se à plataforma de gerenciamento de ativos institucionais Stronghold, que é segurada pelo banco Prime Trust, para testar uma criptomoeda atrelada ao dólar americano. “IBM will explore use cases with business networks that we have developed, as a user of the token,” said Jesse Lund, IBM’s vice president of global blockchain, in an interview with Reuters. IBM is backing a new stablecoin, Stronghold, on the Stellar blockchain. It seems like a new alternative for Tether (USDT) pops up at least once a week recently. On July 17, 2018, global payment and trading platform stronghold announced the launch of their Stablecoin “Stronghold USD. Stronghold USD: New Zealand-based Stronghold, part of the Stellar ecosystem, launched a dollar-backed stablecoin earlier this year. 29 today in the afterglow of the news that IBM is working with startup Stronghold to launch a stablecoin on its blockchain. Here’s how stable coins became an entrypoint to the crypto world for blue chip investors. “As the name suggests, a stable coin is a digital token that has low price volatility because it is pegged to an underlying fiat currency,” he wrote. "For such payments, IBM currently uses a cryptocurrency known as Stellar Lumens as a conduit. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a …IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. dollar-pegged stablecoin that runs on the Stellar blockchain network has received backing from IBM, Reuters 17 Jul 2018 IBM is exploring whether a cryptocurrency pegged to the U. Technology Giant IBM To Utilize The FDIC-Insured Stronghold Stablecoin | Leader in Bitcoin, Ethereum, Ripple, NEO, ICO and Cryptocurrency News, Coinotizia covers all cyptocurrencies bringing you the latest news and analyses on the future of money. ” At the time, IBM's Vice President of Global Blockchain Jesse Lund had said, “IBM will explore use cases with business networks that we have developed, as a user of the token. The month of July reported that the IBM is sanctioned by the dollar-pegged stablecoin registered via the Stronghold on the Stellar Network. And the most up-to-date stablecoin to hit the sector consists of an interesting sup In recent hours, IBM has unveiled its own stablecoin albeit with a different target in mind. IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network Tweet Share 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. According to IBM, the new payment network uses digital currency on. IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Stellar blockchain network, and is reported to have already begun testing the token IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Stellar blockchain network, and is reported to have already begun testing the token Share Tweet To read more from Cointelegraph follow this link . For example, IBM’s stablecoin known as Stronghold USD is currently operating on the Stellar blockchain. It was announced on Tuesday that Stronghold will be the first USD anchor on the Stellar network. IBM has been looking to get involved in the blockchain space for quite some time, but this is the first time they partnered with an upcoming stablecoin. IBM’s Stronghold USD. But IBM’s adoption speaks to the trend and promise of cryptocurrencies with values based on and equal to the dollar. The coin, termed Stronghold USD, will be deployed on the Stellar Lumens blockchain to leverage its Crypto at a glance IBM Supports Stronghold Global Business Machines or IBM has joined forces with money related innovation startup Stronghold to dispatch stablecoin, a cryptographic money that is pegged to the US dollar, on Stellar blockchain Network. It appears like a new choice for Tether (USDT) pops up at minimum the moment a 7 days recently. ” The Cryptocurrency will be IBM announced a partnership with FinTech start-up, Stronghold, to create the first fully FDIC-insured Stablecoin. The goal is to use the stablecoin as a new liquidity tool for real-time foreign exchange and international settlement. IBM is partnering with Stronghold, a San Francisco-based financial services company, backing a cryptocurrency pegged to the US dollar introducing what many hope could be a so-called stable coin and thus taking volatility out of the cryptocurrency ride. dollar, in a 20 Jul 2018 IBM has partnered with startup Stronghold and Stellar blockchain to launch USD Anchor, a stablecoin that can be used to facilitate cross-border 17 Jul 2018 Legacy tech titan International Business Machines Corp. Stellar will be the platform for new cryptocurrency tests, where the company plans to begin testing the "cryptodollar". July 17, 2018 by Mark Hartley Leave a Comment. The tech giant has teamed up with institutional asset management platform Stronghold, which is federally insured by the bank Prime Trust, to test a …Recently, there has been a so-called “stablecoin invasion”—in fact, according to a recent report, there are at least 57 stablecoins that have been released or are currently in development globally. USD Anchor uses the Stellar blockchain, unlike Tether which uses the Bitcoin blockchain via the Omni Layer protocol. Watch out, Tether, an IBM-backed stablecoin is joining the fray. The goal of the partnership is the exploration of stablecoin, which is tied to a The newest stablecoin to appear in the scene is Stronghold USD, having IBM as its supporter. On Tuesday, Jesse Lund, IBM’s vice president of global blockchain market development, wrote a post on the company’s website about stablecoins. In recent times IBM has been testing a new platform that pegs cryptocurrencies to the U. The project, called Stronghold USD, is a token pegged to …なぜIBMが支持するのか. IBM Supports Stronghold International Business Machines partnered with financial technology startup Stronghold to launch stablecoin, a cryptocurrency pegged to the US dollar, on Stellar blockchain Network. “What we envision is a network that has multiple different asset classes living on it. IBM has been using the Stellar network to facilitate cross-border payments since 2017, and is said to have now begun testing the new stablecoin. IBM apoia nova “stablecoin” baseada no dólar americano Titi Pedro. IBM is exploring a cryptocurrency that is pegged to the US dollar and whether it would be a better option for making payments as compared to other virtual currencies that are highly volatile. IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. Stronghold is the primary ever stablecoin to make use of the Stellar community and is reportedly backed by the US greenback at a 1:1 worth ratio. IBM has already run tests of a US dollar-pegged 'stablecoin' from startup Stronghold on the Stellar network, and is understood to have begun a low-key launch of Blockchain World Wire ahead of its IBM has officially entered the stablecoin game. IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network July 18, 2018 ICO News 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. IBM’s Stronghold USD. (You trust institutions, don’t you?) It’s all part of IBM’s efforts to become a power in blockchain . Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar by Colin Harper 07. In this case, Stronghold IBM, Stellar, and a USD stablecoin gives them that interim solution. The exciting company is also hitting the headlines for all the right reasons and is also working with IBM to create a new stablecoin built on Stellar. Stablecoin Stronghold launched on Tuesday as Stellar network’s first official, venture-backed USD anchor. The point of stablecoin is to decrease the instability that is ordinary in the cryptographic money showcase. Watch video · IBM has put its weight behind a so-called “stablecoin,” a digital token that, in principle, is tied to an existing government-backed currency. IBM is backing a new cryptocurrency pegged to the U. Today, Lund revealed that the company is experimenting with a stablecoin called Stronghold USD, which is backed by US dollar deposits and operates on the Stellar blockchain. The USD Anchor stablecoin - a Dow blue-chip IBM (IBM) has teamed up with a financial technology startup to launch a new stablecoin that will be pegged to the U. IBM is one of the few tech giants that are actively exploring and developing blockchain technologies. Jesus Dawal Jr Posted on July 18, 2018 July 18, 2018. Ari Lewis. Jesse Lund, global vice president of IBM Blockchain, stated in the press release:IBM, separately, has also announced that it’ll partner with Columbia Univeristy to open the Columbia-IBM Center For Blockchain and Transparency. Stronghold, acting as an anchor to the Stellar network, will issue the digital asset On Tuesday, IBM confirmed a partnership with the U. This is the IT Company’s latest venture into the digital economy which is currently worth about $270billion. Advertisement IBM Backs ‘Stablecoin’ Stronghold USD for Fast and Secure Financial Payments IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure …IBM has officially entered the stablecoin game. The goal of 17 Jul 2018 Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network's blockchain in collaboration 18 Jul 2018 In a move aimed at ending the notorious volatility associated with cryptocurrencies, technology giant IBM announced it will back a stablecoin IBM has partnered with startup Stronghold and Stellar blockchain to launch USD Anchor, a stablecoin that can be used to facilitate cross-border transfers. Dollar, which offers all the benefits of cryptocurrency without the volatility. Replacing a stablecoin for the fiat currency could help lower the risks of major swings in exchange rates and improve costs for IBM IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. The stablecoin, fittingly called Stronghold USD, was introduced on the Stellar blockchain on Tuesday after a long time in advancement. Earlier this year, IBM partnered with Stronghold to create the Stellar network's first U. USD Anchor is the name of a new FDIC-backed stablecoin and is the latest fiat-linked initiative by the cryptocurrency community. A stablecoin named Stronghold launched on Tuesday as Stellar network’s first official, venture-backed USD anchor. Recently, IBM released the Blockchain World Wire with the vision of making cross-border payments happen in seconds rather than days, using the Stellar protocol. "There's a huge opportunity to make blockchain payments feasible, especially cross-border payments," says Bridget van Kralingen, IBM's senior vice president of global industries, platforms and blockchain. The tech giant has put its weight behind a so-called “stablecoin,” a digital token that is tied. IBM’s proprietary blockchain-enabled Food Trust solution aims to “create a food ecosystem built on trust and transparency. IBM is experimenting with own stablecoin cryptocurrency called Stronghold USD. The coin is built by Stronghold, a financial institution in collaboration with IBM. IBM’s goal is to transform traditional banking protocols, using blockchain-based solutions to modernize the multi-trillion-dollar industry of cross-border payments. 제가 코인들 중에서 관심있게 보는 것중에 하나가 stablecoin입니다. A new patent application from IBM suggests that the tech giant is eyeing blockchain as a way to chart programmer contributions for projects. ” The cryptocurrency will be built on Stellar Lumens’ (XLM) blockchain and will offer a one-to-one ratio with the U. IBM has announced two partnership ventures, a new research centre dedicated to blockchain technology and a new cryptocurrency pegged to the US dollar. It will experiment with Stronghold USD to explore On Tuesday, IBM confirmed a partnership with the U. Here in 2018, Tammy is the founder and CEO of Stronghold, which is the first Silicon Valley venture-backed fintech startup on distributed ledger technology. IBM의 고위관계자의 말에 의하면, 중앙은행들이 이미 이 Stronghold USD라는 Stablecoin에 관심을 보이고 있고, 가칭 Fed Coin이라는 것을 대치할지도 모른다라는 말도 하는군요. Dollar. IBM has launched a blockchain-based payment system called Blockchain World Wire. The International Business Machines Corporation (IBM) has partnered with Stronghold to launch USD Anchor, a “stablecoin” like Tether (USDT), with a couple of key differences. IBM is experimenting with own stablecoin cryptocurrency called Stronghold USD. On Tuesday, Jesse Lund, IBM's vice president of global blockchain market development, wrote a post on the company's website about stablecoins. On July 17, 2018, global payment and trading platform Stronghold announced the launch of their stablecoin “Stronghold USD. Fintech startup Stronghold has created a new stablecoin token dubbed the ‘Stronghold USD’ and it has received support from IBM. Cryptocurrency market hits the roof as IBM announces its experimenting with stablecoin Tanya Abrosimova FXStreet Follow Following The tech giant partners with fintech startup Stronghold. dollar, currently operates on the Stellar blockchain platform. The USD Anchor stablecoin - a IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network Tweet Share 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. “The token allows folks to do payments, foreign exchange between companies in a very seamless and frictionless and more secure way,” said Stronghold founder and Chief Executive, Tammy Camp. UK We use a range of cookies to give you the best possible browsing experience. 안녕하세요 시골사람입니다. S-based Stronghold monetary services platform, that will see the IBM utilize the brand-new cryptocurrency in its systems. A business-to-business “stablecoin” solution is currently being tested on the Stellar network by IBM. IBM said Stronghold’s stablecoin will rely on the platform developed by Stellar, which was co-founded by former Ripple executive Jed McCaleb in 2014. 17. The San Francisco based firm also disclosed a strategic partnership with IBM… According to the latest news reports, IBM is partnering with fintech startup Stronghold on a stablecoin that is pegged to the US dollar. dollar, which will rely IBM has officially entered the stablecoin game. CryptoCoin. In addition, the current fervor for price-stable crypto coins seems to have coincided with something of a meltdown involving Tether, the issuer of the USDT stablecoin, following long-festering doubts about its dollar reserves. IBM is working with financial services provider Stronghold on a stablecoin, or stabilized cryptocurrency, pegged to the U. IBM has backed a new project for a US-dollar pegged stablecoin that runs on the The new stablecoin will run on the Stellar blockchain network. dollar-pegged stablecoin that runs on the Stellar blockchain network has received backing from IBM , Reuters reports July 17. Stablecoin Stronghold launched on Tuesday as Stellar network’s first official, venture-backed USD anchor. ” The cryptocurrency will be built on Stellar Lumens’ (XLM) blockchain and will offer a one-to-one ratio with the U. Jul 20, 2018 IBM has partnered with startup Stronghold and Stellar blockchain to launch USD Anchor, a stablecoin that can be used to facilitate cross-border Jul 17, 2018 A stable coin is a digital currency that is pegged to another stable asset like gold, or to major fiat currencies like Euros, Pounds or the US dollar. The new asset is dubbed 'Stronghold USD' after its creator, fintech startup Stronghold . IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network July 18, 2018 John Bitcoin 0 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. Dow blue-chip IBM (IBM) has teamed up with a financial technology startup to launch a new stablecoin that will be pegged to the U. International Business Machines or IBM has partnered with financial technology startup Stronghold to launch stablecoin, a cryptocurrency that’s pegged to the US dollar, on Stellar blockchain Network. Banking and insurance complications remain. S-based Stronghold financial services platform, that will see the IBM use the new cryptocurrency in its systems. But now, IBM is going to test a U. Bitcoin Cash Price Weekly Analysis: BCH/USD Could Struggle Near $120 18 hours ago IBM Looks to Bring Scientific Research onto the Blockchain in Latest Patent Filing A new patent application filed by IBM reveals that the company is looking to use blockchain technology to create an immutable repository of scientific research and analysis. IBM’s foray into the stablecoin market is in partnership with Stronghold, a startup whose Stronghold USD stablecoin will be trialed for cross-border payments by IBM. The stablecoin is called Stronghold USD, after the fintech startup The new stablecoin will run on the Stellar blockchain network. Called Stronghold USD, the currency will rely on the Stellar blockchain platform and will be provided by the US FDIC. dollar-pegged stablecoin called “Stronghold USD. A crypto startup Stronghold is launching a new stablecoin in partnership with IBM. Claire Hughes Johnson, the Chief Operating Officer of Stripe had a few comments about IBM’s Stablecoin as well. 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 Stablecoin Aimed For Institutional Use. Bitcoin is rallying on the rise for the fourth consecutive day, initially boosted by Blackrock, then by IBM's experiment with stablecoin, and also wit OnTuesday, IBM verified a collaboration with the U. In essence, BWW will convert a fiat to a digital currency, complete the transaction and then make the switch back. The token is launched on the Stellar network. IBM is one of the few tech giants that are actively exploring and developing blockchain technologies. NewsViews: 161Stronghold USD : IBM va lancer un "stablecoin" …Translate this pagehttps://www. IBM has put its weight behind a so-called “stablecoin,” a digital token that, in principle, is tied to an existing government-backed currency. Dow blue-chip IBM (IBM) has teamed up with a financial technology startup to launch a new stablecoin that will be pegged to the U. In addition to the World Wire product, IBM is also backing stablecoin project, Stronghold USD, that is aiming to develop a digital version of the U. Computing giant IBM has identified . Stellar (XLM) is up 25% to $0. Big Blue’s blockchain is different to the original one that underpins bitcoin. While digital assets are often thought of as 'payment systems' or 'digIBM has officially entered the stablecoin game. Stronghold USD will be backed by US Dollars held by Prime Trust in FDIC insured bank accounts. Through its partnership with Stronghold, IBM launched its Stablecoin (based on Stellar Lumens) earlier this year to form a bridge between fiats and cryptos. The American multinational technology company is turning its Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar by Colin Harper 07. The announcement is the latest in a series of positive IBM is backing a new US dollar-pegged "stablecoin" as it looks to explore ways to make transaction processing and money transfers faster, safer and more efficient. Stronghold USD is pegged to a dollar and would help financial institutions handle …Reuters reported that IBM, one of the largest technology companies in the world, has just announced that it will be backing a new cryptocurrency stablecoin that will be pegged to the value of one U. — IBM Blockchain (@IBMBlockchain) July 17, 2018. For the sake of this discussion, I’m using the term “digital currency” to refer to a tokenized representation of fiat currency that is publicly accessible on a public permissioned IBM has partnered up with Stronghold and launched the stable coin Stronghold USD whose every token is backed by one US Dollar. 18 2:58 PM Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. VC firm Andreessen Horowitz earlier this year backed stablecoin startup Basis and PayPal co-founder Peter Thiel backed Reserve, another stablecoin project. dollar-pegged stablecoin that runs on the Stellar blockchain network has received backing from IBM, Reuters reports July 17. Jesse Lund, global vice president of IBM Blockchain, stated in the press release:IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. Coinbase Approved to List Securities and IBM Launches a StableCoin. Enterprise-focused IBM Blockchain has backed a new stablecoin pegged to the U. The computing giant is The new stablecoin will run on the Stellar blockchain network. dollar called Stronghold USD. The goal of Jul 18, 2018 In a move aimed at ending the notorious volatility associated with cryptocurrencies, technology giant IBM announced it will back a stablecoin 17 Jul 2018 News. IBM Backs the Growth of Newest New Stablecoin, Stronghold USD View All Result . IBM, International Business Machines released a statement for Stronghold USD, a new cryptocurrency-USD pair that was created on the new Stellar blockchain infrastructure. IBM is working with financial services provider Stronghold on a stablecoin, or stabilized cryptocurrency, pegged to the U. It is the way bankers can mitigate the risk to themselves as they switch from being solely USD based to blockchain based. dollar, which will rely on a platform developed by Stellar. IBM is Working on a Stablecoin Backed by the US FDIC Rebecca Campbell · July 17, 2018 · 9:30 pm IBM is reportedly looking into a cryptocurrency that’s tied to the U

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