UBS exec: first trades via USC could take place this year

James Ryder
05 Jul 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The first trades using utility settlement coin (USC), a digital currency designed by a group of banks to speed up financial transactions, are expected to take place later this year, according to one of the project’s most senior technologists.

UBS has spearheaded development of the coin, which counts more than a dozen large banks as investors and uses distributed ledger technology firm Clearmatics as its vendor partner. Unlike other cryptocurrencies, the USC will be fully backed by cash held in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]