What Is AMO

On August 27, 39 U.S. state bank associations established the BankChain Alliance, planning to create a blockchain network owned and governed by community and regional banks, with a target launch in 2027. The network aims to support functionalities such as tokenized deposits, stablecoins, programmable payments, and automatic settlements, designed to help small and medium-sized banks access blockchain financial infrastructure while adhering to existing regulatory standards. Currently, BankChain has not disclosed details regarding technology providers, underlying blockchain, network architecture, governance model, or regulatory framework, nor has it clarified whether the network will be based on existing public chains like XRP, Ethereum, or Solana. The alliance stated that the network is expected to cover thousands of financial institutions across the United States.

On August 27, 39 U.S. state bank associations established the BankChain Alliance, planning to create a blockchain network owned and governed by community and regional banks, with a target launch in 2027. This network aims to support features such as tokenized deposits, stablecoins, programmable payments, and automated settlements, designed to help small and medium-sized banks access blockchain financial infrastructure while adhering to existing regulatory standards. Currently, BankChain has not disclosed its technology providers, underlying blockchain, network architecture, governance model, or regulatory framework, nor has it specified whether it will be based on existing public chains like XRP, Ethereum, or Solana. The alliance stated that the network is expected to cover thousands of financial institutions across the United States.

On August 27, sources revealed that U.S. allies privately assess that there are likely still mines in the Strait of Hormuz. Although the U.S. has made some progress in mine clearance in international waters, it is estimated that 80 to 150 mines laid by Iran have not been completely cleared, and some mines may have drifted from their original positions due to ocean currents. Trump has repeatedly claimed that all mines in the strait have been cleared and described the Hormuz Strait as a 'very normal operating strait.' The U.S. Central Command declined to comment on estimates regarding the number of mines in the Strait of Hormuz on Wednesday. Analysts believe the likelihood that all mines in the strait have been cleared is 'extremely low.' Even if the mine threat is reduced, a large number of merchant vessels remain within the range of Iranian drones and short-range missiles, and many ships are beyond the coverage of U.S. air defense systems. The International Maritime Organization has also stated that there is no exact information confirming that any mines have been cleared, urging vessels to exercise maximum caution. Iran claims that only it knows the locations of the mines and has warned that U.S. mine-clearing vessels could become targets. Currently, Iran and Oman are discussing the establishment of a 'temporary joint maritime corridor' and mine-clearing projects; the UK and France are also planning mine clearance and shipping security operations after a ceasefire.