Stablecoin issuers Circle Internet Group Inc. and Paxos Trust Co. have launched a pilot project to enhance verification of digital asset holdings. Partnering with fintech startup Bluprynt, the initiative uses cryptography and blockchain technology to trace tokens back to verified issuers, aiming to prevent counterfeit tokens and impersonation attacks. Bluprynt's technology offers proof of origin, enhancing transparency and reducing complexity for regulators and investors, according to founder Chris Brummer.