BitGo will provide custody services for StableX's $100 million stablecoin program

By: rootdata|2026/03/11 09:43:30

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According to market news, BitGo will provide custody and trading services for StableX Technologies' digital asset portfolio, which plans to acquire cryptocurrency tokens related to stablecoins worth up to $100 million.

According to the announcement, BitGo Bank & Trust, N.A. will act as the custodian for StableX's digital asset holdings, while BitGo's trading platform will assist in executing the acquisition plan through its over-the-counter liquidity trading desk. StableX (SBLX) is a Nasdaq-listed company focused on stablecoin infrastructure and related technologies. After the news was released, the stock price rose by as much as 9% during intraday trading and closed up 1.6%. StableX had previously announced the purchase of tokens such as FLUID and Chainlink's LINK.

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