Central banks successfully test cross border trading of wholesale CBDC using DeFi


The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland successfully tested out cross-border trading of wholesale central bank digital currencies (wCBDC), reports Coindesk. Project Mariana’s proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions. The project relied on “a common token […]