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*Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed one-for-one with U.S. dollars held at a Nevada-charted trust company called Prime Trust, which in turn will deposit the cash at banks insured by the Federal Deposit Insurance Corp.*



Really important article in my opinion, must read. IBM, cryptocurrency pegged to the U.S. dollar, FDIC insured. This all seems like major developments in crypto to me. Crypto appears to be going mainstream, all the signs I'm seeing lately are pointing to a bright future for crypto and the blockchain. I'm not sure how some people can still say that crypto isn't going to around or that it's a fad...?



Read the full story here....
https://www.coindesk.com/ibm-is-helping-launch-a-price-stable-cryptocurrency-insured-by-the-fdic/