As part of Singapore’s Project Orchid, DBS has launched a bank stablecoin pilot

In a report issued by Finadium last month, we discussed how bank stablecoins could be the best way forward for governments to have digital currency representations that are bound up in the regulated sphere, and not be in competition with stablecoins issued by non-licensed entities. Singapore’s DBS, in partnership with the Government of Singapore’s Open Government Products (OGP), has announced a live pilot of this type of application.
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