US Patent Issued to Ceres Coin on April 7 for "Stablecoin as a medium of exchange on a blockchain-based transaction network" (Illinois, Texas Inventors)

ALEXANDRIA, Va., April 7 -- United States Patent no. 12,597,000, issued on April 7, was assigned to Ceres Coin LLC (Austin, Texas).

"Stablecoin as a medium of exchange on a blockchain-based transaction network" was invented by John Gregory Anderson (Austin, Texas), Charles Henry Uchill (St. Charles, Ill.) and Sean McNamara (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "Aspects of this disclosure relate to various systems and methods for use in a regulated industry and using an SEC qualified stablecoin as a store of value and medium of exchange on a blockchain-based transaction network. The system includes a stablecoin blockchain system with a stablecoin blockchain framework, a stablecoin ecosystem, ...