Asian Central Banks Tests CBDC Transactions
Countries representing 95% of the world’s GDP are now using or looking into CBDCs. Asian central banks have finished the latest CBDC transaction experiment. Asia-Pacific nations have led the way in digital innovation. Asian central banks have completed the world’s largest pilot of central bank digital currency transactions. This comes to light in an announcement by the Central Bank of the United Arab Emirates (CBUAE) on Wednesday. Project mBridge, which tests cross-border payments, included the pilot in its scope. They accomplished this by leveraging a shared platform built on distributed ledger technology (DLT). The issuing and trading of CBDCs by
