Standard Chartered and Deutsche Bank Test Stablecoin Payments on UDPN Blockchain

Standard Chartered and Deutsche Bank Test Stablecoin Payments on UDPN Blockchain

Standard Chartered’s SC Ventures and Deutsche Bank have successfully concluded an initial proof of concept (PoC) using the Universal Digital Payments Network (UDPN). This venture intends to facilitate payments between different Central Bank Digital Currencies (CBDCs) and blockchain networks through message exchanges, somewhat reminiscent of Swift. However, the distinct difference lies in using a permissioned […]

European Central Bank Advances Digital Euro Project to Preparation Phase

European Central Bank (ECB) Advances Digital Euro Project to Preparation Phase

The European Central Bank (ECB) is gearing up to bolster the euro’s digital future. In an announcement made today, the ECB disclosed its decision to transition into the next stage of the digital euro project, marking the commencement of the preparation phase. This development comes on the heels of an extensive investigation phase that began […]

Successful testing paves way for CBDC use cross-border

Successful testing paves way for CBDC use cross-border

Source: Swift Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, […]

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