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IBM has signed letters of indent with six banks to release their stablecoins on IBM Blockchain World Wire

Vicky Wei

Summary: According to The Block Crypto, IBM announced today that it has signed letters of indent with six global banks including Banco Bradesco, Bank Busan, and Rizal Commercial Banking Corporation to publish their own stablecoins on IBM Blockchain World Wire. IBM Blockchain World Wire is a payment network on the Stellar blockchain, which aims to clear ...

According to The Block Crypto, IBM announced today that it has signed letters of indent with six global banks including Banco Bradesco, Bank Busan, and Rizal Commercial Banking Corporation to publish their own stablecoins on IBM Blockchain World Wire. IBM Blockchain World Wire is a payment network on the Stellar blockchain, which aims to clear and settle corss-border payments in real-time. IBM also partners with Stronghold, a crypto startup. IBM's clients can use Stronghold USD to facilitate settlement, rather than use traditional banking intermediaries to transmit payments.

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