# Indian IT Giant Tech Mahindra To Launch Stablecoin Tool For Banks By Coinness Canonical URL: https://www.tokenpost.com/news/investing/8001 Published: 2021-04-07T03:28:03.000Z Updated: 2021-04-07T03:28:03.000Z Section: Investing > Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a “stablecoin-as-a-service” tool to reduce transaction costs and processing times. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)