Crypto
Bank of England tests trade finance payments using stablecoins and digital pound
The Bank of England is testing a payments structure that uses stablecoins and a simulated digital pound in cross-border trade finance. The trial, run at its Digital Pound Lab, is designed to check whether stablecoin payments and digital pound settlement can work in a single flow. It uses no real customer funds. The central bank said the exercise does not signal future policy direction or endorse any company or product, and it has not decided whether to issue a digital pound.
