More Central Banks Explore Wholesale CBDC Pilots
Several central banks have announced or expanded pilots exploring wholesale central bank digital currencies, which are designed for interbank and institutional settlement rather than everyday retail payments. Proponents say wholesale CBDCs could streamline cross-border settlement between financial institutions. The pilots remain experimental and are being closely coordinated with existing payment-system regulators.
Key Takeaways
- Wholesale CBDCs target interbank, not retail, settlement.
- Several central banks are running or planning pilots.
- Coordination with regulators remains a key focus.
Summary generated by IndiCrypto from Cointelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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