U.S. Patent 11200569 was awarded to Winklevoss IP, LLC on December 14, 2021 and is entitled “System, method and program product for making payments using fiat-backed digital assets.” The first named inventor is Eric Winer of New York, NY. The abstract contains an overview of the patent disclosure:

The present invention generally relates to the use of stable value digital assets and/or fiat-backed digital assets as cryptocurrencies that can be linked to other digital assets using blockchain technology and/or through a peer-to-peer network. In embodiments, the present invention relates to specific applications of fiat-backed digital assets and/or stable value digital asset tokens tied to a peer-to-peer network, such as a blockchain network. Link to Full Patent

This blockchain patent was originally filed on June 25, 2019  as U.S. Patent Application 16/452187 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11200569. The assistant examiner was Eduardo Castilho.

Winklevoss IP, LLC, who is the original assignee of this patent, has at least 37 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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