🌉 Deutsche Bank and Standard Chartered's SC Ventures are testing a system that aims to bridge the gap between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs). The Universal Digital Payments Network (UDPN) is a permissioned blockchain system that enables transactions across various networks while maintaining a regulated environment.

Key points:

- UDPN is composed of validator nodes run by an alliance of banks, financial institutions, and consultancies.

- The system is being tested by around 25 organizations, including banks from the U.S, Australia, Latin America, and Europe.

- UDPN allows transactions to occur across networks, from stablecoins on public blockchains to CBDCs.

What are your thoughts on this interoperability bridge? Share your opinions in the comments below! 👇