**[BitGo to Provide Custodial Services for StableX's $100 Million "Stablecoin Initiative"]** According to Deep Tide TechFlow on March 11, as reported by Cointelegraph, BitGo will provide custodial and trading services for StableX Technologies' digital asset reserves. StableX plans to acquire stablecoin-related crypto tokens worth up to $100 million. According to the announcement, BitGo Bank & Trust, N.A. will act as the custodian for StableX's digital asset holdings, while BitGo's trading platform will assist in executing the acquisition plan through its over-the-counter (OTC) liquidity desk. StableX (SBLX) is a Nasdaq-listed company focused on stablecoin infrastructure and related technologies. Following the announcement, its stock price surged by 9% intraday and closed up 1.6%. StableX had previously announced the purchase of tokens such as FLUID and Chainlink's LINK.