BitGo will custody digital assets for StableX's $100 million stablecoin initiative.

CoinFeed reported on March 11 that, according to Cointelegraph, digital asset infrastructure company BitGo will provide custody and trading services for StableX Technologies to support its plan to allocate up to $100 million in stablecoin-based crypto assets. According to the announcement, BitGo Bank & Trust will act as the custodian of StableX's digital asset holdings, and the BitGo trading platform will assist in executing the allocation plan through its over-the-counter liquidity platform.