National Australia Bank makes first-ever cross-border stablecoin transaction By Cointelegraph
[ad_1]
National Australia Bank (OTC:) (NAB) says it has executed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin, which is tied to the Australian dollar.
The transaction was conducted on the blockchain and used smart contracts for seven currencies, according to a statement released on March 14 by the bank. Those currencies were Australian, New Zealand, Singapore and United States dollars, as well as euros, Japanese yen and British pounds, according to a statement released by Fireblocks.
Continue Reading on Coin Telegraph
[ad_2]
Source link
National Australia Bank (OTC:) (NAB) says it has executed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin, which is tied to the Australian dollar.
The transaction was conducted on the blockchain and used smart contracts for seven currencies, according to a statement released on March 14 by the bank. Those currencies were Australian, New Zealand, Singapore and United States dollars, as well as euros, Japanese yen and British pounds, according to a statement released by Fireblocks.
Continue Reading on Coin Telegraph
About The Author
