“This new initiative represents the essence of innovation … we should expect digital transformation to reshape markets and market structure in the coming years,” DTCC Managing Director Jennifer Peve said in a statement, referring to a program carried out with the nonprofit Digital Dollar Project and major banks such as Citigroup (C), Bank of America (BAC) and State Street (STT) to test the use of a digital dollar in financial markets.
Source: https://www.coindesk.com/policy/2022/11/30/digital-dollar-could-streamline-settlements-dtcc-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines