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:要闻)
- ·连云港哪里卖海鲜便宜
- ·meme币官方app检测出恶意 meme币最新版下载链接有没有
- ·京A牌照现在值多少钱?揭秘天价车牌背后的故事_京a牌照多少钱
- ·数字货币全面落地-加密货币普及进程
- ·数字货币交易平台排行 比特币平台交易
- ·10月31日嘉实成长收益混合H净值增长0.44%,近3个月累计上涨12.74%
- ·全球数字交易所排名前十名_国外量化交易平台_电脑买币软件
- ·SDM教育(08363)延迟刊发2024年年度业绩 继续停牌
- ·USDT交易所软件推荐 前十USDT交易app排名
- ·欧交易所app官网(快速交易,轻松盈利)
- ·USDTAPP_数字货币交易所排名前10名
- ·黑龙江双鸭山怎么样
- ·茂名哪里办港澳通行证-茂名哪里办港澳通行证最快
- ·顶点软件收盘涨2.61%,主力资金净流入3711.09万元
- ·加密币交易APP 加密币交易APP安装官网v5.3.9
- ·10月31日招商移动互联网产业股票基金C净值下跌0.60%,近1个月累计上涨8.37%
- ·中电环保收盘涨3.51%,主力资金净流入2005.58万元
- ·meme币app下载安卓 meme币最新版官网app
- ·10月31日招商稳健平衡混合C净值增长0.42%,今年来累计上涨19.47%
- ·欧亿交易平台专家版下载-芝麻交易所appv3.5.8官方授权下载2023
- ·贬值受益概念31日主力净流出1668.04万元,冠捷科技、山东黄金居前
- ·亿晶光电收盘涨9.94%,主力资金净流入8796.15万元
- ·10月31日银华清洁能源产业混合C净值下跌0.51%,近1个月累计下跌1.1%
- ·10月31日华泰柏瑞量化创盈混合C净值增长0.46%,近3个月累计上涨20.45%
- ·btc钱包苹果-BTc钱包苹果怎么下载
- ·10月31日民生加银均衡优选混合C净值下跌0.53%,今年来累计下跌0.64%
- · 虚拟货币交易平台有哪些
- · 欧易最新版本
- · 全球三大虚拟货币交易平台
- · 数字货币交易所
- · 虚拟货币交易平台排名
- ·欧易交易所下载
- · 虚拟货币交易平台排名
- · 欧易交易所 电脑
- · 欧亿app官网正式版下载
- · okb交易所官网