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

    • Post author:MiamiCrypto
    • Post published:September 7, 2024
    • Post category:Blockchain/Crypto/Cryptocurrency/Japan/Japanese banks/progmat/Project Pax/swift

    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…

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