Simplex to Support Entry into Stablecoin Market Following Avalanche Pilot

On the 21st, major financial systems developer Simplex and US-based Ava Labs announced the results of their joint pilot test for a stablecoin transfer and payment network. Ava Labs is a key developer of the Avalanche blockchain. In this pilot, Simplex's 'Simplex Stablecoin' issuance and redemption system was tested in conjunction with Ava Labs' blockchain infrastructure service 'AvaCloud'. The experiment focused particularly on improving availability (system operational continuity) and latency (delay in processing time).