Carribean central bank launches first government-backed CBDC

posted 6 months ago
The ECCB is the first currency union to launch a CBDC. A currency union is an agreement between multiple nations to maintain the same currency or to keep currency prices pegged at the same level. The Euro is one such example of this.

While the Eastern Carribean Currency Union consists of eight sovereign states, DCash will only be available in four: Saint Lucia, St. Kitts and Nevis, Antigua and Barbuda, and Grenada.
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