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:银饰)
- 加密梦碎?为什么越来越多人正在悄悄离场?
- 旧金山8月天气穿什么
- Web3统一之战开启,跨Layer2互操作如何破局以太坊发展困境
- 银星能源收盘涨2.56%,主力资金净流入2836.09万元
- Alphabet推出高端AI订阅服务“AI Ultra”每月249.99美元
- 数字货币排行榜top10_数字货币排行榜top10
- gct币实时行情
- sol币前景怎么样-Solana (SOL)的长期发展和投资潜力
- PancakeSwap 在交易量上超过 Uniswap,但价格却表明并非如此——为什么?
- 非专利技术应该归入哪个会计科目呢?
- Injective 引领 AI 代币上涨浪潮 INJ 能否突破 17 美元大关?
- 无限币行情吧
- 以太坊突破2500美元关口 投资者需注意风险
- AI手机概念31日主力净流出24.39亿元,光弘科技、领益智造居前
- 挪威新成立比特币政策研究所,前财政部官员将出任秘书长
- 交易平台提现
- meme币交易所安卓官方手机端软件 memeBIAN卓软件app下载链接
- 惠泰医疗收盘涨1.64%,主力资金净流出2837.33万元
- 海王生物收盘涨4.91%,主力资金净流入2162.97万元
- 源杰科技(688498.SH):10月未通过集中竞价交易方式回购股份
- 数字货币交易app views+
- 欧易最新版本 views+
- ok币 views+
- OK交易所官网入口登录 views+
- 欧易交易所 电脑 views+
- okcoin交易平台 views+
- okcoin下载官方app views+
- 欧易开户 views+
- 欧易正规 views+
- 虚拟货币交易平台排名 views+