The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […]
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Timothy Morano Sep 19, 2024 10:39 BNB Chain launches 'Gas-Free Carnival' enabling gasless stablecoin transfers with partnerships from leading exchanges, wallets, and bridges. ...
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