Tyler and Cameron Winklevoss, founders of Gemini Cryptocurrency Exchange, have obtained six patents linked to stable currencies, according to the files of the United States Patent and Trademark Office.
Three of the patents - first, second, and fifth on the list - all describe systems for changing a stable coin-based blockchain supply. The first patent describes how reliable third parties such as exchanges or banks can generate the asset, on demand as well.
Stable currencies as part of conventional financing
Two patents - the third and sixth on the list - describe a system for creating a stable currency on a major public blockchain chain. The third patent also indicates that the subsidized stable currencies can be used as collateral in financial transactions executed through smart contracts.
Fourth patent - filed on April 23, 2018 - "relates to the use of fixed-value digital assets to pay dividends for securities and other financial instruments linked to the blockchain". This paper indicates that dividends can be paid out of securities such as stocks in a stable currency.
Patent cryptocurrency battle
Due to the maturity of the crypto field and the demonstration of real potential, major companies are increasingly looking into related technologies and patenting them. According to Cointelegraph in late January, technology giant IBM has patented a "self-aware token" designed to record offline transaction events.