The Digital Dollar 12-Week Pilot Program (Call in Show)

Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.

Citigroup Inc , HSBC Holdings Plc (HSBA.L), Mastercard Inc (MA.N) and Wells Fargo & Co (WFC.N) are among the financial companies participating in the experiment alongside the New York Fed's innovation center, they said in a statement. The project, which is called the regulated liability network, will be conducted in a test environment and use simulated data, the New York Fed said.

https://www.reuters.com/markets/currencies/banking-giants-new-york-fed-start-12-week-digital-dollar-pilot-2022-11-15/

#cbdc

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