Bank of England

BOE Phase 2 trial puts stablecoins and the digital pound inside one trade finance payment

The Bank of England's Phase 2 digital pound exploration is testing the interoperability of stablecoins and central bank digital currency within a single trade finance payment. This sandbox experiment, involving NOBO Finance, Dun & Bradstreet, and Polygon Labs, aims to see if these different forms of digital money can coexist for transactions without using real customers or money. The findings will inform the joint assessment of the digital pound later this year.