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HomeNewsCordite Society Launches XDC Token On R3 Public Corda Network

Cordite Society Launches XDC Token On R3 Public Corda Network

UK-registered co-operative, Cordite Society, has launched XDC on R3‘s public Corda. XDC is now the first digital currency on R3’s public Corda Network. 

On the 20th of October, Cordite Society details on the newly launched token to The Block. According to the co-operative society, XDC will meet the requirements for DeFi projects, stablecoins, and central bank digital currencies. 

In addition, the society mentioned XDC’s goals in its . Notably, the digital currency is set to provide a store of value and serves as a medium of exchange. Also, Cordite Society said XDC aims to “stimulate early, collaborative, and active participation in the Corda community.”

Also, XDC is designed to help other projects on the Corda Network and support the Corda community’s development.

The whitepaper also revealed that XDC meets the standard of the G20-sanctioned Financial Action Task Force (FATF) on digital assets to mitigate risks related to anti-money laundering.

Speaking to The Block, a spokesperson for Cordite Society said: 

Image Credit: Pixabay


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