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Digital Pound Test for Faster Trade | Bitcoin and Crypto News
Description
The Bank of England’s Digital Pound Lab is testing how stablecoins and a potential digital pound could revolutionize international trade finance—letting exporters get paid early in stablecoins while UK importers settle with a simulated digital pound. Backed by NOBO Finance, Dun & Bradstreet, and Polygon Labs, the experiment aims to solve cash flow bottlenecks for SMEs stuck waiting days for payments. No real money or customers are involved, and the Bank stresses this is exploratory—not policy endorsement. Meanwhile, UK regulators race to finalize stablecoin rules by 2026 and modernize core payment systems like RTGS and CHAPS to run 24/7, supporting tokenized assets and digital bond issuance via HSBC’s sandbox.
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