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    Alibaba setzt 35 Millionen US-Dollar darauf, dass Stablecoins die Korrespondenzbank zerstören werden


    Alibaba setzt 35 Millionen US-Dollar darauf, dass Stablecoins die Korrespondenzbank zerstören werden

    https://www.sandmark.com/news/top-news/alibaba-bets-35m-stablecoins-will-kill-correspondent-bank?utm_medium=referral&utm_source=redbot&utm_campaign=redbot-ww-en-brand

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    1. coinfeeds-bot on

      tldr; Alibaba has invested $35 million in Singapore-based fintech startup MetaComp, betting on stablecoin-powered cross-border payments as a replacement for the traditional correspondent banking system. MetaComp, licensed by the Monetary Authority of Singapore, aims to integrate fiat and stablecoin networks for faster, cheaper, and regulated international transactions. This move aligns with Alibaba’s focus on seamless global commerce and addresses the inefficiencies of legacy banking systems, particularly in emerging markets.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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