Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to usage a stablecoin-based strategy to facilitate cross-border payments successful the future. The initiative, Project Pax, replaces analogous banks with blockchain technology, linking it to SWIFT to let users to initiate payments conventionally utilizing regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […]