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Central Bank Digital Currency (CBDC)#

A CBDC is a digital form of currency. It is issued and regulated by a central bank. It is a numerical representation of a fiat currency and collateralized by currency reserves (precious metals such as gold or local/foreign currencies) to guarantee the stability of the value. CBDC's can be used as a method of payment, value reserve or unit of account.

There's been multiple test cases of this particular concept in practice on Tezos, one resulting in a Euro stable coin for Tezos.

Examples on Tezos:

Société Générale - Forge#

Société Générale is one of the leading European financial services groups. In September 2020, Société Générale - Forge selected the Tezos blockchain for experimentation with CBDC research and development. This is ex post facto of Banque de France selecting Société Générale - Forge as part of its group to experiment with CBDC technology around interbank settlements in July 2020.

As of today - French startup Lugh has launched a new Euro stablecoin (Lugh) on the Tezos blockchain, with associated bank deposits held by Société Générale and audits from PwC and Maghreb.

BNP Paribas and Blockchain Xdev (The Blockchain Group)#

In November 2020, it was announced that BNP Paibas alongside CA CIB, Caisse des Dépôts, Tokeny and Blockchain Xdev (The Blockchain Group) were combining expertise to launch a project exploring the potential use and implications of Digital Interbank Currency (DIBC). Tezos and Ethereum were chosen as initial technologies for exploration.