Japan's three major banks will participate in testing stablecoin cross-border transfer platforms
Three major Japanese banks - Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group - will participate in a trial of a stablecoin cross-border transfer platform with the goal of providing faster international settlements for businesses.
According to a press release released on Thursday (5th), the project known as "Project Pax" will conduct preliminary trials using stablecoins issued by memory blockchain startup Progmat, supported by the aforementioned three banks, SBI Holdings, and Japan Exchange Group. It will be operated by Progmat, memory blockchain interoperability development company Datachain, and cross chain platform TOKI to facilitate testing of cross chain transactions.
The project plans to use SWIFT's existing API framework to allow banks to instruct Progmat to settle on the in memory blockchain network, which will help address money laundering prevention and other compliance challenges. This enables financial institutions to avoid operational redundancy in the transfer of legal tender and minimize investment costs
According to the statement, Project Pax will begin experimenting with a prototype with the goal of commercializing a stablecoin cross-border transfer platform by 2025. The team wrote in another blog post:
By combining these regulated stablecoins and truly open and secure cross chain information transmission standards with the current cross-border information framework, we are enabling enterprises to achieve cross-border settlements at internet speed
Progmat has established its "Progmat Coin" stablecoin platform with the support of several major financial institutions in Japan. The press release states, "Various stablecoins issued on the 'Progmat Coin' platform can be denominated in major fiat currencies such as Japanese yen, US dollar, and euro, and can be flexibly used domestically and internationally
data source
Related report: Binance Japan seeks cooperation with Mitsubishi UFJ Financial Group to launch Japanese yen stablecoin
(责任编辑:发现基金)
- ·xrp众筹价格
- ·比特币交易平台排名 交易所平台币都有哪些
- ·景安股票
- ·vpal行情
- ·ETH鲸鱼清仓亏损142万美元,市场情绪受影响
- ·okcoin冷钱包
- ·Ordinals ecology bites each other! Two Big Boss Chokes' Node Monkey 'Founder Rocktoshi to Get Out of the Ecosystem
- ·请问快钱钱包贷款采取的是邀请制吗?不被邀请是不是就不能使用?
- ·欧意链接安卓_OK交易所排名第几V6.1.25
- ·美通币怎么老是跌
- ·比特币投资:长期持有还是逢高出货?
- ·易欧(v6.1.10)_欧意u变现流程
- ·数字货币交易平台全球排行榜 比特币最全看盘软件
- ·股票老鼠仓是什么意思
- ·公司注销旗下的财产怎么办
- ·专家称大多数人永远不会拥有多达 1,000 个 XRP
- · okx交易所app官网链接
- · 亿欧app下载
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台排名
- · 欧易最新版本
- · okx交易所app官网
- · 易欧app官网下载
- · 数字货币交易平台app
- · okx网页版
- · 数字货币交易app