The New York Fed has launched a digital dollar pilot in collaboration with banking giants such as Citigroup and Wells Fargo

ChainCatcher news, according to Reuters, major U.S. banks including Citigroup, HSBC, Mastercard, and Wells Fargo are launching a digital dollar pilot program with the New York Federal Reserve Bank. The project is named "Regulated Liability Network." The program will run for 12 weeks, conducted in a testing environment using simulated data. The goal is to test how digital dollar tokens can enhance payment speed and efficiency. (Reuters)