A yen-pegged stablecoin is available for tests on Digital Garage’s SettleNet platform6

Crypto Garage, a fintech subsidiary of internet group Digital Garage, has launched its SettleNet platform to test issuing a Japanese yen-pegged stablecoin, the company has announced today.

The project is going to run for a year, and the new stablecoin will be traded against Liquid bitcoin. SettleNet allows a simultaneous peer-to-peer exchange of crypto assets thanks to the use of atomic swap technology, Crypto Garage said.

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