China Unveils Ripple's Competitor for Stablecoins and CBDC Payments
The developers of UDPN describe it as equivalent to SWIFT. Some of the major banks expected to participate in the pilot phase include HSBC, Standard Chartered, and Deutsche Bank. A Chinese firm is developing a new payment system interoperable with stablecoins and CBDCs – that acts as a link for central banks to transfer and swap regulated digital currencies – […]
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