THELOGICALINDIAN - Millicent a aggregation researching CBDCs and stablecoins has been awarded a celebrated government grant
The United Kingdom has awarded one of its best aggressive analysis and development grants to Millicent, a stablecoin and axial coffer agenda bill project. It is the aboriginal CBDC and stablecoin activity adjourned by the British government.
Government Funds CBDC Project
The British government has awarded a awful approved admission to Millicent, a aggregation researching stablecoins and CBDCs. It is the aboriginal stablecoin and CBDC activity to be awarded allotment by government of the U.K.
Millicent is the almsman of the U.K. Research and Innovation (UKRI) Innovate UK SMART Award, a highly-coveted admission sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). Millicent’s activity was called because, according to its assessors:
“Millicent is a game-changing activity that could change the way we coffer and spend; [its] appulse could be actual cogent to the U.K., financially, socially, and technically, as it can advance the way for a U.K. arrangement backed by the Coffer of England.”
Millicent is the nation’s alone government-backed stablecoin and CBDC project. The company’s declared purpose is to advice accompany agenda accounts to the masses and claims its arrangement can action 10,000 affairs anniversary second. It is led by a above Wall Street banker, Stella Dyer, who said:
“In today’s system, it’s usually the bodies with the atomic money who pay the best for banking services. Millicent is advised to akin the arena acreage for everyone, creating an ‘Internet of Value’ that is attainable and attainable to all.”
The Coffer of England and Her Majesty’s Treasury announced aftermost November abutting accomplish in its own CBDC affairs that could advance to a rollout after this decade. Many nations accept accustomed absorption to axial coffer agenda currencies, including the United States, Malaysia, Mexico, South Africa, Singapore, Australia, and Canada, with others like Nigeria, China, and the Bahamas accepting already launched one.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.
