China is actively developing what it calls 'a second generation internet' based on blockchain technology. Unlike Western Web3, Chinese Web2 is developing under the supervision of State agencies.
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 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.
China is actively developing what it calls 'a second generation internet' based on blockchain technology. Unlike Western Web3, Chinese Web2 is developing under the supervision of State agencies.
