Hodler’s Digest, March 18–24: Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week
Cointelegraph
Published Mar 24, 2019 11:55AM ET
Updated Mar 24, 2019 12:22PM ET
Hodler’s Digest, March 18–24: Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week
Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network
This week, six international banks signed letters of intent to issue their own stablecoins — which will be backed by their national fiat currencies — on IBM’s now-live blockchain-powered payments network, “World Wire.” According to the joint announcement by IBM (NYSE:IBM) and Stellar, the World Wire has gone live with over 44 banks on its service, supporting 47 currencies in 72 countries. The IBM project was launched with Stellar in September 2018, and plans to expand the blockchain-powered settlement network to further assets. The first six banks publicly signed on include Brazil’s Banco Bradesco, South Korea’s Bank Busan and the Philippines’ Rizal Commercial Banking Corporation.
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Written By: Cointelegraph
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