BIS Leads Successful Test of International CBDCs
In a joint initiative, the Bank for International Settlements (BIS) and the central banks of Switzerland, France and Singapore have wrapped up a test focused on the cross-border exchange and settlement of wholesale digital currencies issued by central banks.
Dubbed Project Mariana, the trial employed public blockchain technology and DeFi concepts to facilitate transactions involving hypothetical versions of the euro, Singapore dollar, and Swiss franc.
The experiment used a unified token standard and specialized decentralized exchanges for forex settlements.
Although the test met its objectives, it remains a pilot requiring additional study.
The experiment used a unified token standard and specialized decentralized exchanges for forex settlements.
Although the test met its objectives, it remains a pilot requiring additional study.
