// The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade.
Hong Kong-based Red Date Technology, the designer of China’s state-backed Blockchain-based Service Network (BSN), has launched a new project to implement both stablecoins and central bank digital currencies (CBDCs) in cross-border payments https://coinspectator.com/bitcoin-com/2023/01/23/china-backed-blockchain-project-proposes-swift-alternative-for-stablecoins-and-cbdcs/ //