State bankers team up to launch blockchain network
Forty state bankers associations have convened to create a blockchain network to facilitate services like stablecoin payments in one of the largest collaborations between state bankers to date. The BankChain Alliance said in a recent announcement of its launch that it seeks to create an “industry-owned, industry-designed and industry-governed network” built on a shared blockchain platform with the aim of launching in 2027. Financial institutions of all sizes can opt into using the platform for banking services such as stablecoin payments, smart payment tools, tokenized deposits ...