CBDCs, Interviews

Wholesale CBDC cross-border trading test ‘deemed a success’

By John Crowley
Wholesale CBDC
Image via Getty

A test of cross-border trading of wholesale central bank digital currencies has been hailed as “super-smart, super-quick but also liquidity-hungry”.

The Bank for International Settlements investigated whether decentralised finance could make foreign exchange trading simpler, more efficient and reduce settlement risk.

Using DeFi concepts ...

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