US Patent Issued to Gemini IP on Jan. 20 for "System, method and program product for generating and utilizing stable value digital assets" (New York Inventors)

ALEXANDRIA, Va., Jan. 20 -- United States Patent no. 12,530,681, issued on Jan. 20, was assigned to Gemini IP LLC (New York).

"System, method and program product for generating and utilizing stable value digital assets" was invented by Duncan Carl Cock Foster (New York), Tyler Howard Winklevoss (New York), Cameron Howard Winklevoss (New York) and Griffin Cock Foster (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present invention generally relates to the use of stable value digital assets and/or fiat-backed digital assets as cryptocurrencies that can be linked to other digital assets using blockchain technology and/or through a peer-to-peer network. In embodiments, the present invention relates...