IBM launched World Wire, a real-time global payments system built on Stellar that connects regulated financial institutions and replaces legacy correspondent banking. Supporting 47 currencies across 72 countries, it represents a major enterprise adoption milestone for the Stellar network.
IBM announced the launch of World Wire, a real-time global payments platform built on the Stellar network that aims to replace the legacy correspondent banking system with direct point-to-point transactions. The system links regulated financial institutions to Stellar's speed and versatility, initially supporting 47 currencies across 72 countries with plans to expand further. IBM has already signed six banks to issue stablecoins and use XLM on the platform. The announcement represents significant enterprise adoption of Stellar and aligns with the Stellar Development Foundation's mission to make money more fluid, markets more open, and people more empowered.
