**Banking Innovation** 💼: SC Ventures, a subsidiary of Standard Chartered, and Deutsche Bank successfully complete the first PoC test of UDPN (Universal Digital Payments Network), enabling seamless blockchain-based payments and aiming for stablecoin and CBDC interoperability. 💱🔗 #BlockchainPayment #SCVentures #DeutscheBank 🚀💰

💵 Deutsche Bank and SC Ventures have completed the first stablecoin exchanges on the Universal Digital Payments Network (UDPN), a SWIFT analogue for connecting CBDC and “stable coins”.
According to Financial Express, on-chain swaps were carried out between USDC and EURS using the banks' digital wallets.
#DeutscheBank #SCVentures