World Banks Plan Stablecoins on Blockchain World Wire, a Stellar & IBM Collaboration2

The Blockchain World Wire, a cross-border payments network that’s the result of a collaboration between blockchain startup Stellar and tech heavyweight IBM, was activated for “limited production” use in more than 70 countries on March 18th.

First announced as a real-time institutional payments project by the two firms last September, the Blockchain World Wire can leverage the Stellar network and its native asset, lumens (XLM), for a payments rail aimed at avoiding some of the major pitfalls seen in contemporary global commerce, like high fees and slowstab transactions.

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