The ECB issues a progress report on the digital euro, demand for the e-rupee sinks in India, while China integrates e-CNY in the insurance payment systems

The Universal Digital Payments Network allows blockchain-based stablecoins and CBDC networks to interoperate with each other. Deutsche Bank and SC Ventures have been testing the system with on-chain swaps using USDC and EURS stablecoins.

The financial services firm led a $36 million series A funding round to become Zodia’s second-largest shareholder. The money will fund geographic expansion, increased token coverage and enhancements to its settlement product, Interchange.