🚀Japan's three largest banks, Mitsubishi UFJ, Sumitomo Mitsui and Mizuho, ​​have jointly launched a cross-border stablecoin transfer platform "Project Pax"! The platform will use the stablecoin issued by blockchain startup Progmat to provide companies with faster international settlement services. The project is jointly tested by Progmat, Datachain and TOKI, and plans to use SWIFT's existing API framework to solve compliance challenges such as anti-money laundering. It is expected to be commercialized in 2025. What do you think? 💬#Blockchain#Stablecoin #Cross-border Payment #Fintech