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:基金工具)
- usdt用哪个app可以交易?手续费率低的btc应用排名
- 美国虚拟货币价格商城盘点_稳定虚拟货币价格商城大全
- 36D到底啥意思?一文读懂!36d是什么意思
- cdn什么货币 CDN什么货币
- 盘点区块链投资的十大风险
- 股票崩盘钱去哪了-股票 崩盘
- 党的最高纲领是实现共产主义_党的最高纲领是什么
- 公积金租房提取后对公积金贷款有影响吗?
- 铁寨风景区在哪里
- Lumoz 最后一轮 Quidditch 测试网圆满结束,Q4 或将启动主网
- 虚拟币交易平台全球10大交易所不会被清 币圈排名前10名的比特币平台
- 文件币现在多少钱一枚?文件币实时价格行情走势(6月26日)
- 东南第一山在哪里-东南第一山在哪里九华山
- 公信宝钱包
- 马蹄币实时价格_马蹄币今日价格行情_马蹄币最新消息
- O交易所app新版下载
- 矿机怎么设置
- 数字货币交易所排行榜 货币交易平台app推荐
- PI币现在多少钱一枚?PI币实时价格行情走势(6月21日)
- USDC今日价格 6月20日USDC实时价格走势图
- okx交易所app官网链接 views+
- 欧易正规 views+
- 欧易app官方下载入口 views+
- 欧易交易所下载 views+
- okx交易所app官网 views+
- 欧亿app官网正式版下载 views+
- okb交易所官网 views+
- 虚拟货币交易平台排名 views+
- 欧亿交易所怎么样。 views+