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IBM is Working on a Stellar-based Stable Coin

Posted by Thomas DeMichele on July 17, 2018 in News

IBM is working on a Stellar-based stable coin that would be pegged to the US dollar. That doesn’t mean it is ready to launch, that means they are exploring the idea and seeing how a payment system would work on the Stellar platform and blockchain.

“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. “What is great about this is they are just basically digital dollars—digital fiat currency.”

-From the article below.

For more reading, see: Fortune’s IBM Is Working With a ‘Crypto Dollar’ Stablecoin.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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