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

ChainCatcher news, according to Bloomberg, stablecoin giants Circle and Paxos are testing a new cryptocurrency issuance verification technology to help verify their digital asset holdings in real-time.

Circle and Paxos are collaborating with the fintech startup Bluprynt, founded by Georgetown Law School professor Chris Brummer, to utilize cryptography and blockchain technology to provide issuer verification when issuing stablecoins, allowing tokens to be traced back to the verified issuer.