“Stablecoins are becoming core payment infrastructure, but the market still lacks neutral clearing rails that allow issuers, banks and payment firms to exchange digital money safely and efficiently,” — said Michael Chapman, Founder and CEO of Nuvanté.

“Through our work in the Bank of England Synchronisation Lab, we demonstrated how regulated stablecoin clearing, interoperability and synchronised settlement could operate in a central-bank settlement environment.”

“As stablecoins continue to scale the market needs safe, trusted and interoperable settlement infrastructure. The Stellar network was built for regulated finance and Nuvanté’s work in the Bank of England Synchronisation Lab is the kind of real-world financial use case the network was designed to support."

"And I believe that international coordination on future AI development needs to become a top priority for governments around the world.

Machine intelligence playing a larger and larger role in its own development process is a natural conclusion of sustained technological progress. If AI progress continues, machine recursive self-improvement (RSI) will be at the very core of future scientific discovery 🚀 ," — Pachocki said.

"Processing a live transaction over a weekend demonstrates that always-on cross-border payments are already a reality," — said Mridula Iyer, Citi's head of services for Asia South.