Bank of England’s Digital Pound Lab tested a cross-border trade flow where exporters receive stablecoins and UK importers settle in digital pounds.
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Project Rosalind, led by the BIS Innovation Hub London Centre, is focused on testing the potential of APIs to facilitate retail payments within central bank digital currencies (CBDCs)
The proposed CBDC consultation will analyze the merits of further work to develop an operational and technology model for a UK CBDC.