Project Pax Archives

Japan’s Megabanks Launch Project Pax for Cross-Border Stablecoin Transfers

By Raymond Munene9/6/2024

Highlights: Japan’s megabanks MUFG, SMBC, and Mizuho are testing Project Pax, a cross-border stablecoin transfer platform. Project Pax uses Progmat’s stablecoin platform, integrating SWIFT’s API for faster, cost-effective international settlements. The pilot aims to commercialize by 2025, revolutionizing global banking […]