The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading.
The Bank for International Settlements with the help from the central banks of France, Singapore and Switzerland successfully tested out cross border trading of wholesale central bank digital currencies.
With more and more nations exploring issuing a wholesale CBDC Project Mariana wanted to test out how foreign and exchange settlement might look in a world where central banks have issued a CBDC. The Bank for International Settlements and the central banks of France, Singapore and Switzerland successfully tested out cross-border trading of wholesale central bank digital currencies ,Project Mariana's proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions.
With more and more nations exploring issuing a wholesale CBDC - which enable the settlement of interbank transfers - including countries in
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