A developer has revealed that the Bank of International Settlements (BIS) reportedly used the Ethereum Sepolia testnet and Curve Finance’s smart contracts as the base for Project Mariana, its CBDC pilot.
This comes after BIS chief Agustin Carstens stated that countries must set up legal frameworks for CBDCs.
Project Mariana Used Ethereum Testnet And Curve Finance Code
Project Mariana’s goal was to explore the application of Central Bank Digital Currencies (CBDCs) to enhance the efficiency and security of cross-border payments. The Bank of France confirmed the project’s successful conclusion.
“The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have successfully concluded Project Mariana. The project tested the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions, using new decentralized finance (DeFi) technology concepts on a public blockchain.”
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