Utility Settlement Coin (USC)
(Redirected from USC)
Basics
- From Forbes Blockchain 50 (Apr 16, 2019):
"The Swiss UBS bank’s most ambitious project so far is Utility Settlement Coin (USC), which would allow central banks to use digital cash instead of their own currencies to move money to each other. It’s a bold play—if central bankers start using crypto for big transfers with each other, it could make them more willing to move their own national currencies onto a blockchain. UBS’ partners in USC include BNY Mellon, Deutsche Bank and Santander."
Team, investors, partners
Team
- Is being build by Fnality
- Rhomaios Ram; CEO
Investors
"Fnality raised $64.5 million in June 2019 from 14 shareholders including banking giants Barclays, Santander, BNY Mellon, ING and others." Partners
- Utility Settlement Coin is going to work with (24-2-2020) Adhara on commercial bank money as alternative to central bank digital currencies:
“We think adding Adhara is going to really help us. They've got experience of doing some of this type of stuff in other places,” said Fnality CEO Rhomaios Ram."
