[DigitalToday reporter Chi-gyu Hwang] Digital asset infrastructure firm Stablecore has joined Jack Henry’s fintech integration network, Cointelegraph reported on Feb. 23 (local time).
As a result, banks and credit unions using the Jack Henry platform can provide stablecoin and tokenised asset services within their existing systems.
Jack Henry supplies core processing and digital banking technology to about 1,670 U.S. banks and credit unions. More than 1,000 financial institutions use Jack Henry’s mobile and online banking platform, the Banno Digital Platform.
Through the integration, Stablecore connects blockchain-based products to existing core banking infrastructure. Participating financial institutions can introduce stablecoin accounts with payments available 24 hours a day, 365 days a year, deposits and withdrawals for cryptocurrencies such as Bitcoin (BTC), digital asset-backed loans, tokenised deposits and staking functions within the limits permitted by law.
Chi-gyu Hwang
delight@d-today.co.kr