Multilateral Central Bank Digital Currency Bridge Project Releases Use Case Manual

On November 3, the Multilateral Central Bank Digital Currency Bridge research project, supported by the Hong Kong Innovation Center of the Bank for International Settlements and jointly initiated by the Hong Kong Monetary Authority, the Bank of Thailand, the Central Bank of the United Arab Emirates and the Digital Currency Research Institute of the People's Bank of China, released a use case manual introducing the project's application scenarios and testing progress.

The manual shows 15 potential application scenarios of Currency Bridge, including international trade settlement, cross-border e-commerce, supply chain finance, etc. According to the manual, this test verifies the feasibility of Currency Bridge test platform in improving cross-border payment efficiency in international trade settlement scenarios.