UK, Singapore and Thailand Central Banks Trial Cross-Border FX Settlement Using Blockchain

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Central banks from the UK, Singapore and Thailand have tested cross-border foreign exchange settlement under a project called Project Meridian FX APAC. The initiative demonstrated how transactions could be coordinated between traditional settlement systems and those built on blockchain technology. The test comes as stablecoins are gaining wider traction in financial markets. The source article provides limited detail beyond this, so further specifics about timing, volumes or outcomes are not reported here.

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