A cross-industry consortium is being launched in the UK to run a retail CBDC pilot, which will feature a live Digital Sterling (dSterling) stablecoin asset, according to Finextra. The Digital Financial Market Infrastructure (DFMI) consortium currently counts IBM, Finastra, FinClusive, Ibanera, paywith.glass, Mattereum, Trust Payments and Accomplish Financial as members.
The initiative is being co-ordinated by Dutch financial infrastructure group paywith.glass, with Boston Consulting Group as its consulting partner, and supported by The Payments Association in the UK.
The upcoming pilot, operating under the bannner ‘Project New Era’, will test high potential use-cases and provide empirical inputs to policymakers and regulators on future design considerations for CBDC development and stablecoin regulation.
What will the UK’s first Digital Sterling pilot look like?
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
