🌐Universal Digital Payment Network launched by Hong Kong-based blockchain company🌐
The UDPN is a distributed ledger technology platform that aims to serve a similar function as the SWIFT network for banks but for stablecoins and CBDCs
Red Date Technology, a Hong Kong-based blockchain company, has created a digital payments system called the Universal Digital Payment Network (UDPN) that aims to connect central bank digital currencies (CBDCs) and stablecoins.
The UDPN was launched on January 19 during the World Economic Forum in Davos, Switzerland, and has been developed in collaboration with GFT Technologies and DLA Piper's digital asset creation engine TOKO.
The UDPN, as described in its white paper, is a distributed ledger technology platform that aims to serve a similar function as the SWIFT network but for stablecoins and CBDCs.
It is stated that the UDPN will create a standard for messaging and communication between different systems for stablecoins and CBDCs in the same way that the SWIFT network did for financial institutions.
According to a press release, several major global banks are currently participating in testing the (UDPN) through proof of concept trials for cross-border transfers and swaps.
The release did not reveal which banks are participating in these trials. However, it is known that HSBC, Deutsche Bank, Akbank, Standard Chartered, and The Bank of East Asia were represented at the launch event of UDPN in Davos.
The stablecoins that are being used in the testing phase were not disclosed. The UDPN's whitepaper states that it only supports CBDCs and regulated, fiat-backed stablecoins as payment methods and will not accept unregulated public-chain cryptos such as Bitcoin.
Additionally, eight more proof of concept tests are planned for the network, including issuing and circulating a CBDC, bank-issued stablecoin, and using UDPN as a payment gateway for e-commerce.
Red Date Technology has been working on the development of UDPN for almost two years.
Prior to the launch of this digital payments system, the company was recognised for its work on the Blockchain-based Service Network (BSN), which is China's national blockchain project.
In a roadmap that was posted on January 15, 2021, but later deleted, the BSN said that it intended to create a CBDC system that would revolutionise the current payment and circulation methods and would enable a standardised digital currency transfer method and payment procedure for any information system.
👉 Coinbase just launched an AI agent for Crypto Trading
Custom AI assistants that print money in your sleep? 🔜
The future of Crypto x AI is about to go crazy.
👉 Here’s what you need to know:
💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit
👉 What this means for the future of Crypto:
1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025
🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.
👉 Coinbase just launched an AI agent for Crypto Trading
👉 Coinbase just launched an AI agent for Crypto Trading
EpicX, the first perpetuals exchange purpose-built for the XRP economy
A fresh look at EpicX, the first perpetuals exchange purpose-built for the XRP economy.
EpicX transforms the XRP economy into a global trading venue that combines institutional-grade liquidity with frictionless usability, making pro-level trading accessible to everyone.
What EpicX brings:
⚫ One-tap onboarding via social login (MPC-secured), no wallet setup or gas friction
⚫ Ultra-fast trade execution with up to 40x leverage and composable margin
⚫ Multi-asset markets spanning crypto, stocks, and other RWAs
⚫ A self-funding loop: all fees directed to referrals, $EPIC buybacks, and grants
They are in our solar system, and in our event-stream in this Eternal Now.
Officialdom is clueless.
They think we are going to be at WAR with the Aliens.
Officialdom is very stupid.
Aliens is here. It’s not WAR. It’s Contention.
There is a difference.
Officialdom is clueless, still living in the last Millennium.
Aliens is here.
The Field in which we contend is This Eternal Now.
ALL HUMANS LIVE HERE, and ONLY HERE, in this
ETERNAL NOW.
It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.
This Eternal Now has always been our body’s Field of Contention.
The Aliens is here, in our Eternal Now.
Our common, shared, reality that we all continuously co-create now has Aliens.
It’s getting very complex in here.
Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.
Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.
WAR happens in the Matterium.
Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.
YOU know this to be fact. You are a co-creator.
Contention with Aliens is happening in this instant in this Eternal Now.
Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….
It’s up to US. To the New Humans. Those of us who live in this Eternal Now. Those of us who see that our body’s Lives (the Chain that cannot be broken) are expressions of the Ontology revealing itself to itself. It’s up to us guys.
We are not an Army. That’s a concept from the past, from before the emergence of the New Humans. We are a Force. A self-organizing collective with leadership resident in each, and every participant.
We are the New Human Force. By the time officialdom starts to speak about the Aliens in near-factual terms, we will already be engaging them in this Eternal Now.
By the time officialdom begins to move matter around (space ships & such) thinking it’s War, we will already be suffering casualties in this Eternal Now. That part is inevitable. It’s how we learn.
By the time officialdom realizes that some shit is going on in places and ways beyond its conception, we will already be pushing our dominance onto our partners in this First Contention, the Aliens. Nage cannot train without Uke.
Just as officialdom is scrambling to research the Ontology, this Eternal Now, and the event-stream, we will be settling terms with our new partners, the Aliens.
Come, join with us. It’s going to be a hellacious Contention.
We ARE the NEW HUMANS!
Together we are the Force that cannot be defeated.
Start YOUR training in this instance of this Eternal NOW.
Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!
It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.
The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network
For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.
The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.
Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.
This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.
The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.
This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.
Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.
This is not merely a fleeting trend; it's a crowning moment in global adoption.The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."
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US Dept of Commerce to publish GDP data on blockchain
On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.
Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”
The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.
While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.
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Welcome to the Dinarian on Locals, where we discuss everything blockchain and digital asset related. We are here to learn from one another as this is a new and ever evolving space. Please post and share what you like, but be respectful to others as they are here to learn as well.
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The Dinarian