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:商业)
- 2005 年以来第一次,美联储「罕见分歧」,敏锐的交易员「接下来有没有大幅降息不好说了」
- 冲倒什么毁坏什么
- 顶级分析师称 XRP 是一个绝佳机会:原因如下
- 10月31日国投瑞银策略精选混合净值下跌0.49%,近1个月累计下跌4.19%
- DAG 董事总经理表示,XRP 被严重低估,即使仅处理 SWIFT 每日交易的 10%,其价格也可能大幅上涨
- 波卡生态板块软件
- 递延所得税资产适用的税率是多少
- 10月31日长城久鼎混合A净值增长0.86%,近3个月累计上涨6.98%
- 无形资产处置收益怎么做分录
- 豆豆钱有额度为什么借不出来啊?
- 炒股软件可以看BTC-炒股软件可以看铜价吗
- 10月31日大成睿景灵活配置混合A净值下跌0.09%,近1个月累计下跌5.22%
- 描写天气白云什么什么
- 币通网的是什么币 币通合法吗
- 紧急安全风险:以太坊的 EIP-7702 Pectra 已被网络钓鱼诈骗者感染
- 10月31日华安新兴消费混合C净值下跌1.04%,近1个月累计下跌6.56%
- meme币苹果版官网下载app meme币app官方下载最新版
- 火币pro
- 不动产无形资产服务扣除的项目有哪些
- 最新经济数据或助力哈里斯胜选:揭示其潜在优势与影响
- 欧易正规 views+
- oe交易所app下载 views+
- 虚拟货币交易平台有哪些 views+
- okx交易所app官网链接 views+
- okcoin交易平台 views+
- 虚拟货币交易平台排名 views+
- okcoin下载官方app views+
- 欧易app官方下载入口 views+
- 全球三大虚拟货币交易平台 views+