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Bank of England expands digital pound pilot with Polygon and stablecoins Search / News Video Prices Research Events Data & Indices More Sponsored Search / en Sign In Sign Up Finance Bank of England to test stablecoin, digital currency use in cross-border finance The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound. By Olivier Acuna | Edited by Sheldon Reback 14 min ago 3 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on The Bank of England announced further experiments with stablecoins and a digital pound for cross-border finance. (Unsplash) Summary Show The Bank of England’s digital pound project entered Phase 2, testing how public stablecoins and central bank money can operate together in a single payment flow for trade finance. Working with NOBO Finance, Dun & Bradstreet and Polygon Labs in its Digital Pound Lab, the BOE will explore creating reusable credit profiles for small enterprises and using stablecoins alongside a potential digital pound for invoice factoring. The experiments, which do not involve real customers or money, are intended to inform the BOE and the Treasury’s assessment of how different forms of digital money can interoperate. The Bank of England (BOE) is testing how stablecoins and a digital pound can work together as central banks globally grapple with how the two payment mechanisms interact to modernize cross-border finance. Bu özet bilgilendirme amaçlıdır, yatırım tavsiyesi değildir. — hisseonlinebot