Stablecoin giants Circle and Paxos are testing a new encryption issuance verification technology.

BlockBeats news, on August 28th, according to Bloomberg, stablecoin giants Circle and Paxos are testing a new Crypto Assets issuance verification technology to help verify their digital asset holdings. Circle and Paxos are collaborating with the fintech startup Bluprynt, founded by Georgetown Law School professor Chris Brummer, to provide issuer verification during the physical issuance of stablecoins using Cryptography and Blockchain technology, which will enable tracing the Token back to the verified issuer.

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