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Cryptocurrency Cointelegraph

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

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.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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

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.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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