Cobo Launches Settlement Network to Provide Institutions with Stablecoin Settlement Infrastructure

According to Foresight News, Cobo launched Settlement Network (SN), a stablecoin settlement infrastructure for institutions. The platform enables fiat and stablecoin settlement with simultaneous execution: fiat deposits into a Cobo-facilitated bank account while stablecoins enter Cobo's custody account, with both sides' funds confirmed before synchronous delivery occurs, eliminating unilateral payment risk and counterparty default exposure. SN supports multiple stablecoins and currencies, applicable to fund operations, merchant settlement, cross-border payments, and liquidity management.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments