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UDPN Integrates Stablecoins and CBDCs Issued on the Hedera Network

Twitter icon  •  Published 2ヶ月前  •  Hassan Maishera

GFT and decentralized cloud infrastructure company Red Date Technology have successfully integrated Hedera stablecoins and the EMTECH CBDC Sandbox on the Universal Digital Payments Network (UDPN).

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Wednesday that IT engineering and solutions provider GFT and decentralized cloud infrastructure company Red Date Technology have successfully integrated Hedera stablecoins and the EMTECH CBDC Sandbox on the Universal Digital Payments Network (UDPN).

The integration will ease the development of programmable payment applications leveraging stablecoins and CBDCs issued on Hedera.

The UDPN, a leading global payments messaging network supporting regulated stablecoins and Central Bank Digital Currencies (CBDCs), facilitates seamless interoperability among banks, businesses, and regulated digital currency systems worldwide.

Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0583 at press time, down 2% over the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.