The Monetary Authority of Singapore (MAS) has launched a new project named Ubin+, intending to investigate the usage of central bank digital currency (CBDC) for international currency exchanges. The usage of CBDCs for managing foreign currency and liquidity and their linkage to other digital asset platforms will be tested by Ubin+. The bank will investigate the potential interactions between distributed ledger technology (DLT)-based systems and non-ledger payment networks as part of the study. Ubin+ Project Focus Aspects The Ubin+ project will focus on the establishment of technical infrastructure and regulations, the examination of company models and organizational structures, and the The post MAS Casts Cross Border Payments Project Ubin+ for Wholesale CBDC appeared first on Cryptoknowmics-Crypto News and Media Platform.
