PANews August 28 news, according to Bloomberg, stablecoin giants Circle Internet Group Inc. and Paxos Trust Co. have trialed a new method to prevent imitators and help companies verify their digital asset holdings. The two companies have partnered with fintech startup Bluprynt, founded by Georgetown Law School professor Chris Brummer, to utilize cryptographic and blockchain technology to provide issuer verification when companies issue stablecoins. The pilot project leverages Bluprynt's technology to provide a method to trace tokens back to verified issuers. Brummer stated that Bluprynt's technology 'pre-provides proof of source, reduces complexity, and offers the transparency required by regulators and investors.' He pointed out that this helps reduce losses caused by counterfeit tokens and impersonation attacks.