CoinDesk reports that the central banks of the UK, Singapore, and Thailand have conducted tests on cross-border foreign exchange (FX) settlement. The initiative, named Project Meridian FX APAC, showcased how transactions can be coordinated between traditional settlement systems and blockchain-based systems, highlighting the growing role of stablecoins in this space.
Based on the CoinDesk report; not independently verified.
Source published: Sat, 14 Nov 2026 15:00:00 +0000
[Read the original report](https://www.coindesk.com/policy/2026/11/14/uk-singapore-and-thailand-central-banks-test-cross-border-fx-settlement-as-stablecoins-gain-ground)
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