Mastercard, Wells Fargo, Citigroup, and Others Launch 12-Week Digital Dollar Pilot Program with New York Fed

Members of the U.S. banking community today announced the launch of a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN). Using distributed ledger technology, the proposed platform would create innovation opportunities to improve financial settlements and would include participation from …
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