December 7, 2022

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NY Fed launches 12-week CBDC pilot program with major banks

NY Fed launches 12-week CBDC pilot program with major banks
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvODVhNzA1ZjItMDM4NC00ZDA1LWE2YzMtMGZiYzFlNmJkNDRiLmpwZw==.jpg"></p><p>Banking giants including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.</p>

Banking giants including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.