Rich Foster on Utility Settlement Coin

Utility Settlement Coin – How Wholesale Banking Will Connect to Central Banking On The Chain! The USC will be an institutional digital currency. Initially there will be digital versions of five currencies Canadian Dollars, Euros, Pounds, Japanese Yen and US Dollars. The USC is for use by financial institutions (only) to make instant settlements. The USC states it will enable a single pool of funds available for settlement across multiple markets. As opposed to pockets of money tied up separately…