Mercado Bitcoin partners with Stellar Development Foundation on LIFT Challenge Real Digital, exploring CBDC use cases for Brazil's central bank digital currency launching in H2 2022.
Latin American exchange Mercado Bitcoin is collaborating with the Stellar Development Foundation (SDF) on one of nine projects in the LIFT Challenge Real Digital, a Central Bank of Brazil initiative exploring central bank digital currency (CBDC) use cases. The consortium includes CPQD and ClearSale, with the goal of identifying infrastructure characteristics for Real Digital. The Real Digital CBDC is expected to launch in the second half of 2022 with an initial pilot phase for a restricted audience. Mercado Bitcoin CEO Reinaldo Rabelo stated that utilizing Stellar's network will enable delivery of a complete case for Central Bank evaluation, while SDF CEO Denelle Dixon emphasized that the partnership strengthens the Stellar ecosystem.