Progress on a digital USD brings CBDC standards into focus Written by: Simon Chantry, Co-Founder & CIO, Bitt

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Ever since Facebook, now Meta, launched the Libra (Diem) project in 2019, in partnership with twenty or so other companies, including MasterCard and Visa, nation-states worldwide have been in a hurry to develop digital versions of their sovereign currencies, also known as Central Bank Digital Currencies, or CBDCs for short.

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The Boston Fed and MIT said the first phase of the project proved a CBDC could feasibly support cryptographic payments

The post MIT and Boston Fed Conclude First Phase of CBDC Research Project appeared first on Blockworks.