Crypto

Bank of England to test stablecoin, digital currency use in cross-border finance

The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound.

Source: CoinDesk

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DW NOTE

The BOE is running sandbox experiments on how stablecoins and a theoretical digital pound might interact in trade finance — no real customers, no real money, no real urgency. Central banks have been "exploring" distributed ledger technology since 2024 while private stablecoins already move billions daily across borders with no help from Threadneedle Street.

Read the full story at CoinDesk →

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Bank of England to test stablecoin, digital currency use in cross-border finance

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