BitGo will custody digital assets for StableX's $100 million stablecoin initiative.

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According to ChainCatcher, citing Cointelegraph, digital asset infrastructure company BitGo will provide custody and trading services to StableX Technologies to support its plan to allocate up to $100 million in stablecoin-based crypto assets.

According to the announcement, BitGo Bank & Trust will act as the custodian of StableX digital asset holdings, and the BitGo trading platform will assist in the execution of relevant allocation plans through its over-the-counter liquidity platform.

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