A consortium from the technology industry has been launched to run a CBDC pilot.
In Brief:
The project will look into the potential of a retail Central Bank Digital Currency, with a Digital Sterling (dSterling) stablecoin asset.
The companies involved currently include IBM, Finastra, paywith.glass, FinClusive, Inbanera, Trust Payments, Accomplish Financial and Mattreum.
This is being supported by The Payments Association and Borton Consulting Group.
What does this mean?
The consortium will test use cases in the retail market for a potential CBDC and give input to policymakers and regulators.
