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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.