Mastercard announces successful wrapped CBDC trial results

Mastercard has completed a trial involving wrapping central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin (wBTC) and wrapped Ether (wETH). According to the Oct. 12 announcement, the trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. The solution utilizes Mastercard’s Multi Token Network, introduced in June 2023, integrating payment technology with blockchains. The RBA previously stated that an Australian dollar CBDC would potentially enable complex payment arrangements and innovation in the finance sector that can not be substituted by fiat money.

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