Australian Bank halts development of ETH-based stablecoin

The National Bank of Australia recently abandoned its stablecoin initiative, and the development team behind the project is now involved in the Ubiquity stablecoin. The Australian Bank’s decision to suspend its stablecoin project shows that startups are in a better position to innovate or adapt than established banks. The NAB team recently joined Ubiquity The National Australia Bank (NAB). […]