IBM Backs ‘Stablecoin’ Stronghold USD for Fast and Secure Financial Payments

IBM is exploring the use of a ‘stablecoin’ to facilitate fast and secure payments within the financial services sector. 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.S. dollar.
IBM Announces the Use of Federally Backed ‘Stablecoin’ Stronghold USD
‘Stablecoins’ have been around for quite some time now, usually being b