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Stablecoin Groups Circle, Paxos Test New Tech to Verify Crypto Payments
Stablecoin heavyweights Circle Internet Group Inc. and Paxos Trust Co. have piloted a new way to prevent copycats and help companies verify their digital asset holdings The firms partnered with Bluprynt, a fintech startup founded by Georgetown Law School professor Chris Brummer, using cryptography and blockchain technology to provide issuer verification when stablecoins are released by a company. The pilot provided a way to trace back a token to the verified issuer, using Bluprynt’s technology, according to a statement. Bluprynt’s technology gives “provenance upfront, reducing complexity, and providing ... (full story)
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