BLOOM is a Singapore central bank project for settling payments in stablecoins and tokenized bank deposits, meaning money that sits on a blockchain but is still a claim on a regulated bank.
@Visa has just joined it. Separately, Shinhan, one of Korea's large banks, is adopting
Most exchanges own the screen you trade on. That screen is how they get customers, and it's usually the whole business.
@LayerZero_Core just announced ATLAS, an exchange with no front end at all. It runs on their own chain, Citadel Securities and DTCC are named as partners, and
Swift is the network banks use to tell each other to move money. It carries the instruction, but the money settles somewhere else. That's why a cross-border payment still takes days.
A month ago Swift launched its own blockchain ledger to close that gap, with 17 banks signed up.
Europe now has twenty euro stablecoins. Together they are worth 450 million euro. Dollar stablecoins are worth 300 billion.
Crypto cards say the same. In July, 58% of card spending was USDC and 26% was USDT. EURe, the euro one those cards ran on, was 2%.
Stablecoins are for
