The new collaboration between Google and BV will aim to improve the experience of bank customers and develop new products and services (Image: Shutterstock/Daniel Constante)
Google Cloud announces its own blockchain and may have its own stablecoin; understand on Wednesday (27) the Google Cloud Universal Ledger (GCUL), a platform that promises to transform the payments infrastructure and financial markets — and that opens the door for a Google-owned stablecoin.
In a blog post from Google Cloud, the technology company claims that the GCLU is designed to be a global system, 24 hours a day, programmable, and supporting multiple currencies, seeking to modernize the financial sector without compromising the stability of traditional systems.
In technical terms, Google's new network is a distributed ledger technology (DLT), a different name for blockchain.
Based on the information provided in the document, there is no indication that Google intends to launch its own stablecoin.
However, it would not be strange to speculate about something of the kind, considering the recent approval of the Genius Law, which regulates the sector of tokenized dollars in the United States.
In general terms, Google Cloud's proposal is to launch a platform that makes it accessible to create financial services on the blockchain network, eliminating the need to build and maintain a more complex infrastructure.