Multiple governments are showing an interest in tokenizing their national currencies. We have seen discussions like these take place in Singapore, the US, the UK, and a few other countries as well. Most recently, the Singaporean government has been experimenting with a tokenized SGD. This project is known as Project Ubin, and it seems the trial is currently in its third phase. It’s a positive turn of events, although it remains to be seen if this currency will ever be brought into circulation. Project Ubin is Progressing Nicely Creating a tokenized version of an existing national currency will not be all that easy.
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