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Stronghold Launches First Venture-Backed USD Token on Stellar Network

Jul 17, 2018 - Business Wire

Stronghold, a financial institution building an asset-agnostic global payment and trade ecosystem, today announced the first and only venture-backed USD Anchor on the Stellar Network, an open-source protocol for value exchange. The 'Stronghold USD' token is asset-backed (at one-to-one U.S. dollars per coin) with reserves held by a state-chartered trust company. Stronghold, which recently raised seed funding from Freestyle Capital, will use Stellar's blockchain protocol to issue and transact Stro...