Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments – Bitcoin.com News

Some of the biggest banks in Japan are set to utilize a stablecoin system linked to SWIFT for making cross-border payments. This system will make it easier and faster for these banks to conduct international transactions. With the use of stablecoins, these banks can ensure more stable value transfers across borders. This move is expected to streamline the cross-border payment process for these banks, making it more efficient and cost-effective.