Bank of England's Digital Pound Project Enters Phase Two, Testing Stablecoin and Central Bank Currency Coordinated Payments
2026-08-12 10:28
Odaily News: The Bank of England's (BOE) digital pound project has entered its second phase, testing whether publicly issued stablecoins and central bank currency can operate together in a single payment process for trade finance.
The BOE will collaborate with NOBO Finance, Dun & Bradstreet, and Polygon Labs in its Digital Pound Lab to explore building reusable credit profiles for small businesses and research the use of stablecoins alongside a potential digital pound in invoice factoring.
The experiments do not involve real customers or funds and are designed to provide a reference for the BOE and the UK Treasury in evaluating the interoperability of different forms of digital currency. (CoinDesk)
The BOE will collaborate with NOBO Finance, Dun & Bradstreet, and Polygon Labs in its Digital Pound Lab to explore building reusable credit profiles for small businesses and research the use of stablecoins alongside a potential digital pound in invoice factoring.
The experiments do not involve real customers or funds and are designed to provide a reference for the BOE and the UK Treasury in evaluating the interoperability of different forms of digital currency. (CoinDesk)
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