stablecore

According to Cointelegraph, the Tennessee Bankers Association in the United States has selected Stablecore as its preferred digital asset technology provider, offering infrastructure for products such as stablecoins, tokenized deposits, and crypto asset-backed loans to approximately 175 member banks, without the need for banks to build their own systems.Stablecore develops backend infrastructure that allows banks to issue and manage tokenized assets while handling compliance and integration with core banking systems. This collaboration reflects the trend of traditional financial institutions integrating crypto services through third-party providers.

ChainCatcher news, Stablecore announces the completion of a $20 million financing round, with investors including Norwest, Coinbase Ventures, Curql, BankTech Ventures, and others.Stablecore provides stablecoin, tokenized deposits, and digital asset solutions for community and regional banks and credit unions in the United States, with a platform that can seamlessly integrate with existing banking systems. The company states that the funding will be used to expand its customer base and team size, helping traditional financial institutions engage in digital asset-related businesses.