The coin, UPCO2, is said to represent a “certified measure of carbon dioxide” and can be held as an investment or burned to offset an entity’s carbon footprint. The tokens are backed by a digital certificate issued by Verra, an international standards agency allowing certified projects to transfer gas reductions into tradable credits.
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Uphold Launches First-of-its-kind Tradable Carbon Token
Uphold said it has launched the “first tradable retail carbon token.” So reports Coindesk.
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