US 11,055,677 B2
Stablecoin as a medium of exchange on a blockchain-based transaction network
John Gregory Anderson, Austin, TX (US); Charles Henry Uchill, St. Charles, IL (US); and Sean McNamara, Chicago, IL (US)
Assigned to Ceres Coin LLC, Austin, TX (US)
Filed by Ceres Coin LLC, Austin, TX (US)
Filed on Nov. 16, 2020, as Appl. No. 17/98,687.
Application 17/098,687 is a continuation of application No. 17/098,308, filed on Nov. 13, 2020.
Claims priority of provisional application 62/934,929, filed on Nov. 13, 2019.
Prior Publication US 2021/0142300 A1, May 13, 2021
Int. Cl. G06Q 20/06 (2012.01); G06Q 20/40 (2012.01); G06Q 20/38 (2012.01)
CPC G06Q 20/0655 (2013.01) [G06Q 20/381 (2013.01); G06Q 20/382 (2013.01); G06Q 20/401 (2013.01); G06Q 2220/00 (2013.01)] 27 Claims
OG exemplary drawing
 
1. A system for providing a blockchain-based transaction network for a governmental regulatory system, the system comprising:
at least one user device and a stablecoin server for a stablecoin securities entity in network communication with a blockchain-based securities stablecoin platform, the stablecoin server comprising a processor and a cache, the cache for reducing memory latency and access time;
a blockchain transaction network connected to a governmental regulatory system, the blockchain transaction network operating on the blockchain-based securities stablecoin platform;
a distributed blockchain ledger operating on the blockchain transaction network, wherein the distributed blockchain ledger updates in real-time the governmental regulatory system for a blockchain compliance and transparency solution to provide a financial infrastructure for the government regulatory system;
wherein the blockchain transaction network posts and validates one or more transactions within the financial infrastructure between the stablecoin securities entity and one or more participants in a stablecoin ecosystem on the distributed blockchain ledger, wherein one or more participants in the stablecoin ecosystem comprises one or more of the following: producers, processors, consumers, financial agents, regulatory agents, or tax agents; and
a Securities Exchange Commission (SEC) qualified stablecoin used as a medium of exchange for the one or more transactions between the stablecoin securities entity and the one or more participants,
wherein the one or more transactions include transferring the SEC qualified stablecoin for a product.