Deutsche Bank and Standard Chartered Test SWIFT Killer for Stablecoins and CBDCs

The UDPN’s agreement nodes are where the magic happens, being connected to currency systems and currency pools,” Schacher said in an evaluation. “The way to envision it is each currency needs a transaction of its own, so to speak. This could be central banks in the future, owning annals and operating CBDCs, or other financial institutions, or any other organization that is handling digital currencies, bringing it all into a administered environment.”