China Blockchain Firm Launches “Stablecoin” | by Doogie | Coinmonks | Jan, 2023

Hong Kong-based blockchain company Red Date Technology has launched a digital payments system, called the Universal Digital Payment Network (UDPN), aimed at connecting stablecoins and Central Bank Digital Currencies (CBDCs). The UDPN is a distributed ledger technology (DLT) platform that aims to serve a similar purpose to what the SWIFT network does for banks, but for stablecoins and CBDCs. The launch of the UDPN…