Forex
Bank of England Tests Digital Pound and Stablecoin Ahead of 2026 Launch
The Bank of England is reportedly conducting trials for its digital pound and stablecoin. This move follows the UK's central bank announcing plans to launch a digital currency in 2026.
The trial aims to test the feasibility and effectiveness of the digital pound, which will be linked to the value of the British pound sterling.
No further details on the trials or the expected timeline have been disclosed by the Bank of England.