A Blockchain Stepping Stone To Fiat Digital Currency
The latest phase of the Utility Settlement Coin project, which aims to settle trades with a token linked to accounts at central banks, has seen the consortium expand.
Barclays, CIBC, Credit Suisse, HSBC, MUFG and State Street are the latest participants; the project began life with UBS and the other early stage members are BNY Mellon, Deutsche Bank, Santander, NEX. The technology is being built by UK-based start-up Clearmatics.