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CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade.
“It’s clear that blockchain technology can transform industries… We want to see startups unlock the potential of blockchain technology with real-world utility for the global market,” states Brooks Entwistle, Senior Vice President and Managing Director at Ripple.
CBDC is gaining traction as many central banks around the world are exploring and launching their own digital currencies.
Circle, the company behind USDC, stated that it and the stablecoin are functioning without any interruptions, while they await further information about the situation of Silicon Valley Bank’s depositors.
The solution analyses on-chain data and smart contract source code to assess and alert on the risk investors will be “rug pulled” by a token’s deployer.
“Following a successful rebound in January, ETPs AUM and underlying prices demonstrated stability throughout February,” states Fineqia’s CEO, Bundeep Singh Rangar.
The new card provides a simple method for crypto assets to be converted into fiat currency for online and in-store purchases.
The testing allowed central and commercial bank participants to validate its effectiveness and share insights to guide its development.
The absence of diversity can limit viewpoints and imagination, which can hinder the progress of Web 3.0.