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Stablecoin developers get new tool to spur acceptance
Contributor Content The whole point of a stablecoin is that its value remains steady, but in a pleasant twist for the cryptocurrency world, the value of stablecoins as an economic resource is taking off. The events of the past few months show the increasing acceptance of stablecoins, and one development in particular may accelerate the process by […]
In July 2023, a South Korean major bank and a Taiwanese financial institution used Stablecoin Studio for a pilot test of international remittances. The proof-of-concept pilot featured real-time foreign exchange rate conversion between the South Korean won, Thai baht and New Taiwan dollar. The use of Stablecoin Studio enabled remittances that are orders of magnitude more efficient than legacy systems while facilitating real-time FX settlement.
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