Overview
- XDC confirmed the purchase of the shuttered Contour network and said it will recapitalize and restructure the platform; terms were not disclosed.
- A new Stablecoin Lab will run bank and corporate pilots using USDC for blockchain-based trade settlement.
- Testing with regulators across the U.S., EU and Asia is slated for the next phase to shape compliance-ready models.
- XDC plans to integrate Contour’s letter‑of‑credit workflows with its Ethereum‑compatible layer‑1, which offers two‑second finality and ISO 20022 messaging.
- Contour previously digitized letters of credit for backers such as HSBC, Citi and Standard Chartered, cutting some processing times from days to hours, as industry research points to potential multi‑billion‑dollar savings from tokenized trade finance.