Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network with a target launch in 2027. The network intends to support smart payment tools, tokenized deposits, stablecoins and automated settlement. The participating associations represent thousands of financial institutions across the US. The announcement did not mention any individual banks that have committed to joining or disclose how the network will be governed or funded.
Source: Read the original article
