US Patent Issued to Circle Internet Financial on Oct. 27 for "Smart contract network to enable real-time swapping of digital assets using minting on-demand" (Irish Inventors)

ALEXANDRIA, Va., Oct. 27 -- United States Patent no. 12,775,984, issued on Oct. 27, was assigned to Circle Internet Financial LTD. (Dublin).

"Smart contract network to enable real-time swapping of digital assets using minting on-demand" was invented by Rachel Mayer (Dublin), Adrian Soghoian (Dublin), Erik Tierney (Dublin) and Kaili Wang (Dublin).

According to the abstract* released by the U.S. Patent & Trademark Office: "Implementations of the present disclosure can include actions of receiving, by a first smart contract and from a first account, a redemption request for a swap transaction to redeem an amount of the first digital asset for an amount of the second digital asset, responsive to the redemption request, initiating, by the firs...