what cryptocurrency is ibm backing

Last Updated on February 27, 2023 by Paganoto

IBM Launches Stablecoin Backed By FDIC-Insured Banks

IBM Launches Stablecoin Backed By FDIC-Insured Banks

IBM Corp. (IBM) has partnered with Stellar, a blockchain that shares technology with Ripple, and Stronghold, a startup, to launch USD Anchor. Coins of USD Anchor are backed by an equivalent amount of U.S. dollars on deposit at FDIC-insured banks by Nevada-based Prime Trust.

IBM to use STR coin on Stellar Blockchain – Signify Technology

IBM to use STR coin on Stellar Blockchain – Signify Technology

While IBM stands to gain a lot from this partnership, so does Stellar. The cryptocurrency market is associated with high volatility and risk—both qualities that …

Blockchain for financial services – IBM

Blockchain for financial services – IBM

INBLOCK issues Metacoin cryptocurrency, which is based on Hyperledger Fabric, to help overcome cryptocurrency technical deficiencies – making digital asset …

IBM Ventures Further Into Crypto Custody – CoinDesk

IBM Ventures Further Into Crypto Custody – CoinDesk

Separately, Deutsche Bank, Europe’s eighth-largest bank, is enlisting IBM’s help to build its planned crypto custody and trading services …

IBM Blockchain – CoinDesk

IBM Blockchain – CoinDesk

IBM develops private and permissioned blockchains, which stand in contrast to public blockchains such as Bitcoin and Ethereum.

What Cryptocurrency Is Backed By Ibm? – programatium.com

What Cryptocurrency Is Backed By Ibm? – programatium.com

What Cryptocurrency Is Backed By Ibm? … IBM Corp. USD Anchor is the result of a partnership between IBM and Stellar, a blockchain that shares technology with …

IBM Launches A Blockchain-Based Global Payments Network …

IBM Launches A Blockchain-Based Global Payments Network …

The stable coin we’ve currently come to market with is a USD-backed stable coin, which is the easiest to use by default. Remember, this network …

IBM backs Stronghold US dollar-pegged cryptocurrency – CNBC

IBM backs Stronghold US dollar-pegged cryptocurrency – CNBC

IBM has put its weight behind a so-called “stablecoin,” a digital token tied to the U.S. dollar.

IBM, Intel, J.P. Morgan and Microsoft join others on new …

IBM, Intel, J.P. Morgan and Microsoft join others on new …

A business consortium led by the Enterprise Ethereum Alliance said their new blockchain-based token specification can create regulatory …

IBM Backs New US Dollar-Pegged Stablecoin That Runs on …

IBM Backs New US Dollar-Pegged Stablecoin That Runs on …

IBM has backed a new project for a U.S. dollar-pegged stablecoin that runs on the Stellar blockchain network.