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Stablecoin Giants Circle and Paxos Testing New Cryptocurrency Issuance Verification Technology

Summary: According to Bloomberg, stablecoin giants Circle and Paxos are testing new cryptocurrency issuance verification technology to help entities verify their digital asset holdings. Circle and Paxos are collaborating with the financial technology startup Bluprynt, founded by Georgetown Law professor Chris Brummer, to provide issuers with verification when issuing stablecoins using cryptography and blockchain technology, enabling ...

According to Bloomberg, stablecoin giants Circle and Paxos are testing new cryptocurrency issuance verification technology to help entities verify their digital asset holdings. Circle and Paxos are collaborating with the financial technology startup Bluprynt, founded by Georgetown Law professor Chris Brummer, to provide issuers with verification when issuing stablecoins using cryptography and blockchain technology, enabling tokens to be traced back to verified issuers.

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