Federal Reserve & Banks launch U.S. Digital Dollar program
Federal Reserve & Banks launch U.S. Digital Dollar program. A 12 week pilot cbdc program started on November 15th. The program will test an RLN design that operates exclusively in U.S. dollars where banks “issue simulated digital money or 'tokens' – representing the deposits of their own customers – and settle through simulated central bank reserves on a shared multi-entity distributed ledger.
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