The Bank of England’s Digital Pound Lab has published its Phase 2 update, and buried in the participant list is a consortium worth your attention: NOBO Finance, Dun & Bradstreet, and Polygon Labs. Their use case tests whether a stablecoin and a digital pound can settle the same cross-border payment in a single orchestration flow—an exporter pays in stablecoins, an importer settles in digital pounds, and neither leg waits on the other. Polygon’s Open Money Stack handles the stablecoin leg on public chain infrastructure; the digital pound leg settles on the Bank’s simulated rails.
The Bank of England Just Put Stablecoins on…
The Bank of England’s Digital Pound Lab has published its Phase 2 update, and buried in the participant list is a consortium worth your attention: NOBO Finance, Dun & Bradstreet, and Polygon Labs. Their use case tests whether a stablecoin and a digital pound can settle the same cross-border payment in a single orchestration flow—an exporter pays in stablecoins, an importer settles in digital pounds, and neither leg waits on the other. Polygon’s Open Money Stack handles the stablecoin leg on public chain infrastructure; the digital pound leg settles on the Bank’s simulated rails.