NY Fed launches 12-week CBDC pilot program with major banks
![NY Fed launches 12-week CBDC pilot program with major banks](https://cryptoinvestment.at/wp-content/uploads/2022/11/ny-fed-launches-12-week-cbdc-pilot-program-with-major-banks.jpg)
Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.
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Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.