Gate News: On March 11, BitGo will provide custody and trading services for StableX Technologies’ digital asset treasury. The latter plans to acquire stablecoin-related cryptocurrencies valued at up to $100 million. According to the announcement, BitGo Bank & Trust, N.A. will serve as the custodian for StableX’s digital assets, while BitGo’s trading platform will assist in executing the acquisition through its over-the-counter liquidity trading desk. StableX (SBLX) is a Nasdaq-listed company focused on stablecoin infrastructure and related technology. After the announcement, its stock price surged by 9% intraday and closed up 1.6%. StableX has previously announced purchases of tokens such as FLUID and Chainlink’s LINK.
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