Wells Fargo to Launch USD-Pegged Stablecoin for Inside Settlements

Wells Fargo to Launch USD-Pegged Stablecoin for Inside Settlements, English Subtitles

US multinational megabank Wells Fargo & Co. (NYSE:WFC) has revealed plans to launch a US dollar-linked stablecoin that can run on the corporate’s first blockchain platform.
The “Wells Fargo Digital Money”
The service, dubbed “Wells Fargo Digital Money,” is a tokenized greenback that will likely be utilized in inner settlement throughout the agency’s enterprise. The stablecoin will likely be piloted first and can debut subsequent 12 months. It’s initially focusing on USD transfers, however there’s a wider plan to accommodate transfers in different currencies throughout the firm’s blockchain community.
On Tuesday, the corporate mentioned that the stablecoin …
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