Bahamas to Roll Out ‘Sand Dollar’ Digital Currency Next Month
The Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency when it launches in October.
"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.
Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.
The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.
The Bahamas has officially launched the world's first national digital currency, the sand dollar.
The Bahamas has unveiled key details of its historic launch of a central bank digital currency, now slated to debut on Oct. 20.