According to a report from Bloomberg, stablecoin giants Circle and Paxos are testing a new technology for verifying the issuance of crypto assets to help verify the amount of digital assets they hold. Circle and Paxos are collaborating with the fintech startup Bluprynt, founded by Georgetown Law School professor Chris Brummer, using cryptography and Blockchain technology to provide verification of issuers during the physical issuance of stablecoins, allowing tokens to be traced back to the verified issuer.
