Bank of England Tests Stablecoin and Digital Pound Payments With Polygon Labs

The Bank of England is testing stablecoin and digital pound payments with Polygon Labs. Digital Pound Labs explores faster cross-border settlement for smaller firms. Polygon Labs provides blockchain tools for stablecoin and smart contract tests. NOBO and Dun & Bradstreet build reusable SME credit profiles for lenders globally. Exporters may receive stablecoins while UK importers settle.