According to reports, stablecoin issuers Circle and Paxos are collaborating with a fintech company to test a new mechanism based on Blockchain and encryption technology for verifying the identification of stablecoin issuers and preventing counterfeiting. This mechanism can mark the source of Tokens at the time of issuance, enhancing audit, regulatory, and investment transparency, and helping to prevent counterfeit coins and impersonation attacks. The project involves a law professor from Georgetown University.