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Standard Bank and Shinhan Bank to test cross-border stablecoins
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Utilising the Hedera Token Service (HTS) and Hedera Consensus Service (HCS), the project aims to test the issuance and distribution of stablecoins, applied to a financial use case that typically suffers from high fees, longer waits and absence of tracking feature.
In a statement, Shinhan Bank says: “Joining the Hedera Governing Council this spring has allowed us to significantly accelerate our engagement with other global industry leaders to leverage the power of Hedera’s fast, fair, green
. Read more on finextra.comAbout this in other media
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