National Australia Bank executes world-first cross-border stablecoin transaction, powered by Fireblocks
National Australia Bank has completed an intra-bank, cross-border transaction using NAB-issued stablecoins. This represents a world-first by a major financial institution on a layer-one public blockchain (Ethereum). The pilot transaction involved the deployment of stablecoin smart contracts for 7 major global currencies, namely Australian, New Zealand, Singapore and US dollars, Euro, Yen, and Pound Sterling.