7
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
source link: https://fintechranking.com/2021/11/09/retail-focused-singaporean-cbdc-to-hedge-against-privately-issued-stablecoins/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
The Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid initiative.
According to MAS managing director Ravi Menon, Singapore’s retail CBDC will be developed in a partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
Read more: Cointelegraph
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK