IBM Signs 6 Banks to Issue Stablecoins and Use XLM on Stellar’s Blockchain
Earlier today, IBM officially revealed the launch of its ambitious project ”IMB Blockchain World Wire”. Specifically, World Wire is a payment network which utilizes the Stellar blockchain. Moreover, this network aims to facilitate cross-border transactions for regulated institutions.
Perhaps most notably, IBM also announced that six international banks have already signed letters of intent to issue stablecoins on World Wire. These fiat-backed stablecoins will reportedly be launched as soon as the responsible banks receive regulatory approval.