Surprise: BIS Used Ethereum Testnet And Curve Finance’s Code In CBDC Pilot | Headlines | News | CoinMarketCap

09/29/2023 09:12
Surprise: BIS Used Ethereum Testnet And Curve Finance’s Code In CBDC Pilot | Headlines | News | CoinMarketCap

Project Mariana, an initiative whose goal was to explore the application of central bank digital currencies (CBDCs) in enhancing the efficiency and …

Project Mariana, an initiative whose goal was to explore the application of central bank digital currencies (CBDCs) in enhancing the efficiency and security of cross-border payments, has been successfully concluded, the Bank of France has confirmed.

Even as this pilot comes to an end, one developer notes that the Bank of International Settlements (BIS) reportedly utilized the public Ethereum Sepolia testnet and Curve Finance’s smart contracts as the base of Project Mariana, testing and measuring the efficacy of cross-border Forex automated market maker (AMM) pilot.

Project Mariana code was from Curve Finance: Source: Miko Ohtamaa on X

The CBDC project depended on Curve Finance’s code. Even so, the BIS wanted to keep the use of Curve’s framework private. So far, there has been no comment from Curve Finance or any Ethereum core developers …

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