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Stablecoin giants Circle and Paxos are currently testing a new cryptocurrency issuance verification technology

By: theblockbeats.news|2025/08/27 16:42:23

BlockBeats News, August 27th, according to Bloomberg, stablecoin giants Circle and Paxos are testing a new cryptocurrency issuance verification technology to help entities verify their digital asset holdings. Circle and Paxos are collaborating with the financial technology startup Bluprynt founded by Georgetown Law professor Chris Brummer, utilizing cryptography and blockchain technology to provide issuer verification when issuing a stablecoin, enabling the tracking of the token back to the verified issuer.

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