By Vukan Ljubojevic | TH3FUS3 Senior Writer
The Central Bank of Brazil has announced 13 themes for the second phase of its CBDC pilot, Drex. This phase will test financial services through smart contracts managed by third-party participants. Key global players like Visa and Santander are set to participate.
The move comes despite mounting regulatory scrutiny from U.S. authorities
With over $2.2T in transactions scrutinized, only a fraction represents genuine user activity, raising questions about the real-world application of stablecoins