Know Your Issuer: This tech combats counterfeit coins, starting with USDC and PYUSD

Blueprynt has launched a pilot program, ‘Know Your Issuer’ (KYI), focusing on USDC and PYUSD, aimed at reducing the $1.6 billion annual loss from counterfeit tokens in the crypto market.

The framework enhances compliance for both users and institutions, coinciding with new U.S. Banking regulations, potentially transforming institutional compliance with DeFi principles.

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