MUFG

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Japan’s Megabanks Launch Project Pax for Cross-Border Stablecoin Transfers
Japan’s Megabanks Launch Project Pax for Cross-Border Stablecoin Transfers
Crypto News1 years ago
Raymond Munene
By Raymond Munene9/6/2024
Highlights: Japan’s megabanks MUFG, SMBC, and Mizuho are testing Project Pax, a cross-border stablecoin transfer platform. Project Pax uses Progmat’s stablecoin platform, integrating SWIFT’s API for faster, cost-effective international settlements. The pilot aims to commercialize by 2025, revolutionizing global banking […]