Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking…

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JPMorgan Chase Insider Drains Customers’ Accounts, Lifts $12,948 in Cash From ATMs: US Bank Regulator

A US regulator says a former JPMorgan Chase employee has admitted to stealing thousands of dollars from customers’ accounts and from the bank’s ATMs. The Office of the Comptroller of…

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