Bank of England advances Digital Pound Lab to Phase 2 testing stablecoin and CBDC interoperability on Polygon
The Bank of England has advanced its Digital Pound Lab to Phase 2, testing stablecoin and CBDC interoperability for cross-border payments and trade finance, with Polygon providing settlement infrastructure. Multiple sources report the central bank will test stablecoins and a digital pound for cross-border payments.
Detected & updated continuously · Source: Nebula
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@CryptooIndia
JUST IN: 🇬🇧 Bank of England to test stablecoins and a digital pound for cross-border payments. https://t.co/aHgXdUjLPR
@BSCNews
Polygon powers Bank of England's Stablecoin & CBDC pilot Following completion of phase one at the Bank of England’s Digital Pound Lab, the institution has moved on to phase two. This second phase will utilize the Polygon (@0xPolygon) network to test interoperability between https://t.co/324nXFBerE
@watchernewsx
JUST IN: 🏦 Bank of England reportedly plans to test stablecoins and digital currencies in cross-border transactions. The Old Lady of Threadneedle Street is finally kicking the tires on the rails it once dismissed.
@tradefinglobal
🪙 @bankofengland tests whether CBDCs and stablecoins can work together in a single payment, targeting the SME liquidity gap 📖 Read the full news: https://t.co/hyRIiSCdci https://t.co/kZMClsjWHK
@btcliveco
JUST IN: 🏦 Bank of England advances its Digital Pound Lab to Phase 2, testing CBDC and stablecoin interoperability in trade finance. Polygon providing settlement infrastructure. Governments building digital rails on private chains. Watch this closely.
@CryptoMeterIO
🇬🇧 JUST IN: Bank of England to test stablecoins and digital pound for cross-border payments.
@cryptoamanclub
🔊 Bank of england will test stablecoins & Digital Pound for cross-border payments. ↳ Faster ↳ Cheaper ↳ Frictionless global settlements https://t.co/pcDbE4jbN6