Bank of Japan and European Central Bank complete cross-border payment test for the third phase of the Stella Project

According to ambcrypto, the Bank of Japan and the European Central Bank launched the Stella project in 2016 to provide solutions for cross-border payments through blockchain technology. Currently, the project has completed the third phase of cross-border payment testing, which mainly involves credit risks related to cross-border payments. The third phase addresses this risk and ensures that credit risk is mitigated by synchronizing and locking funds into custody.