A global settlement layer is a foundational system designed to finalize transactions across various jurisdictions and currencies efficiently. This layer ensures the irreversible transfer of assets, providing certainty and reducing counterparty risk in international finance. It seeks to standardize and accelerate the ultimate completion of payments and securities trades worldwide. Such a layer is vital for seamless global economic activity.
Context
Discussions around a global settlement layer frequently involve the potential of distributed ledger technology and central bank digital currencies. News often covers initiatives by international bodies and financial institutions exploring new architectures for cross-border settlements. A key debate centers on balancing speed and cost-efficiency with regulatory oversight and financial stability in such a system.
Integrating USDC and EURC as a pre-funding layer for Visa Direct accelerates cross-border settlement from days to minutes, optimizing enterprise working capital.
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