Key Takeaways:
- Swift has enabled its ledger, and 17 major banks are looking forward to testing out cross-border payments tokenized.
- The platform allows for direct 24/7 transfers between the money and the tokenized deposits, and preserve the same banking compliance and settlement processes.
- The move is among the stiffest challenges by traditional finance to the burgeoning stablecoin business.
User Score
8.7
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English (US)