BitGo to custody digital assets for StableX’s 100 million USD stablecoin initiative

BitGo will provide custody and trading services for StableX, which aims to build a treasury worth 100 million USD in stablecoins. Their collaboration marks a significant step in the evolving digital asset landscape.

StableX has initiated acquisitions of tokens like FLUID and LINK, reflecting its active engagement in the market. The stablecoin sector’s recent growth, with a market cap exceeding 314 billion USD, shows increasing interest from investors.

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