Major Banks Complete Stablecoin Transfers on Their Platform
Deutsche Bank and SC Ventures have successfully executed the first stablecoin swaps within the Universal Digital Payments Network (UDPN). This platform was established to facilitate transactions using stablecoins and Central Bank Digital Currencies (CBDC).
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Deutsche Bank and SC Ventures have successfully executed the first stablecoin swaps within the Universal Digital Payments Network (UDPN). This platform was established to facilitate transactions using stablecoins and Central Bank Digital Currencies (CBDC).
The on-chain transfers involved USDC, EURS, and the digital wallets of both financial entities (Deutsche Bank and SC Ventures). The transactions were processed in real-time, with their trails visible on EtherScan.
The network is currently undergoing testing by various banks as they prepare for future digital currency transactions.
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