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These three and Santander are supporting the Utility Settlement Coin (USC) digital cash concept.
BNY Mellon, Deutsche Bank, ICAP and Santander are throwing their support behind the Utility Settlement Coin (USC) concept from UBS and newcomer Clearmatics Technologies that could lead to digital cash-based payment and settlement operations that exploit distributed ledger technology (DLT). The USC effort is intended to result in “an asset-backed digital cash instrument implemented on...
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