XDC Network Acquires Digital Trade Finance Platform Contour to Advance Stablecoin-Based Settlements

XDC Network, a blockchain technology company, has acquired Contour Network, a digital platform for trade finance developed by a consortium of global banks including HSBC, Standard Chartered, BNP Paribas, Citibank, DBS, ING, and Bangkok Bank. This acquisition positions XDC Network as a key player in the tokenization of trade finance using stablecoins for faster cross-border transactions.