A wholesale stablecoin is a digital currency designed primarily for use by financial institutions for interbank settlements, clearing, and other large-value transactions. Unlike retail stablecoins intended for general public use, wholesale stablecoins operate within a restricted network of authorized participants. They aim to improve the efficiency, speed, and security of institutional financial operations. These stablecoins often represent central bank digital currencies or tokenized commercial bank deposits.
Context
Central banks and major financial institutions are actively exploring and piloting wholesale stablecoins as a means of modernizing financial market infrastructure. News frequently reports on collaborative projects and proof-of-concept initiatives aimed at streamlining interbank payments and asset transfers. Discussions focus on interoperability, settlement finality, and the regulatory frameworks required for their secure implementation.
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