Australia makes first-ever cross-border stablecoin transaction
The National Australia Bank (NAB) has just made history by completing the first-ever cross-border stablecoin transaction with the participation of a major financial institution.
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In this pilot transaction, the bank deployed stablecoin smart contracts for seven major global currencies, including the Australian, New Zealand, Singaporean, and US dollars, as well as euros, Japanese yen, and British pounds.
The bank utilized the Israeli platform Fireblocks.
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