Successful Wrapped CBDC Trial Results Announced by Mastercard

CBDC Trial Successful Result Announced by Mastercard 

On various blockchains, similar to wrapped Bitcoin (wBTC) and wrapped Ether (wETH) Mastercard has successfully conducted a trial involving the use of wrapped central bank digital currencies (CBDCs). The trial allowed CBDC owners to purchase non fungible tokens (NFTs) on the Ethereum platform in collaboration with the Reserve Bank of Australia (RBA) and the country's Digital Finance Cooperative Research Centre CBDC. Locking a fixed amount of CBDC on the RBA's pilot CBDC platform and minting an equivalent amount of wrapped CBDC tokens on Ethereum is involved in the process. While enhancing security and control this trial demonstrates the potential for linking digital currencies and NFTs.