cross-border transaction

According to reports, National Australia Bank said that it had completed the first inter-bank cross-border transaction through Ethereum using its own stable currency. The transaction is part of the pilot stable currency supported by the Australian National Bank for the Australian dollar. National Bank of Australia intends to issue stable currency with the code of “AUDN”, which will be managed as a liability on its books. The company plans to further support transactions in the Australian dollar, New Zealand dollar, Singapore dollar and US dollar, as well as in the euro, yen and sterling. National Bank of Australia issued stable currency on Ethereum Analysis based on this information:National Australia Bank has made history by completing the first inter-bank cross-border transaction using Ethereum, a decentralized open-source blockchain technology. The transaction was carried out through its own stable currency which is part of the pilot stable currency supported by the Australian National Bank for the Australian dollar. This new transaction process is…