Coins that are issued over a blockchain and are continuously pegged 1 to 1 with the underlying international fiat currency they are related to and deposited in a chartered Bank or a Digital Asset chartered Bank.
Chainlink Joins Banks to Develop Stablecoin FX Settlement
Chainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement, underscoring how blockchain technology is increasingly being tested to modernize legacy […]
