Visa Working on Interoperability Platform for Stablecoins, CBDCs
The channel would allow cryptocurrencies to be transferred between different blockchains.
Make preferred on
Share this article
Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins.
- The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks.
- In a white paper, Visa said “the UPC technology can play an important role between private stablecoins and public CBDCs by providing permissioned access for whitelisted stablecoins to be interoperable with CBDCs.”
- The UPC protocol will allow payments through an entity known as the “UPC Hub,” which would be a trusted gateway to read the state of two ledgers, checking the eligibility of every payment.
- With almost every major economy in the world exploring the development of a CBDC, questions have been asked about how different currencies could interoperate and eyes have turned to companies like Visa to provide such a service.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
