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Amazon recently partnered with stablecoin companies StraitsX and NTT Digital to participate in a blockchain tokenization simulation. Typically, Amazon marketplace sellers receive payments every 14 days, but in some cases this can be extended to 90 days. The simulation involves tokenizing these receivables and putting them on an exchange where lenders can buy them at a small discount. In the simulation, these sellers receive StraitsX XSGD stablecoins encapsulated as Purpose Bound Money (PBM). The...
On July 17, StraitsX, a digital asset payment infrastructure, announced at X that it has obtained an MPI license from the Monetary Authority of Singapore. It can provide more comprehensive digital payment services and is opening XUSD (a US dollar-pegged stablecoin) to the public.
