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Last updated: June 18, 2025, 11:43  |  Written by: Jed McCaleb

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The New York Federal Reserve

The New York Federal Reserve is launching a 12-week digital dollar pilot in partnership with some global banking giants. The New York Fed’s Innovation Center will lead

Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.

New York Federal Reserve and multiple global banking giants start

Global Banking Giants Are Starting

Citigroup, Mastercard & more banks begin 12-week

Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.

NY Fed Launches Digital Dollar Pilot Program With Big

The Pilot Will Test How

The pilot will test how banks using digital dollar tokens in a common database can help speed up payments. Earlier this month, Michelle Neal, head of the New York Fed's market's group, said

Digital dollar: Mastercard, Wells Fargo, Citigroup, others and New

Federal Reserve Participates In Digital-Dollar Pilot

Banking Giants Collaborate with New York Fed for 12-Week Digital

Global Banks Partner With New York Fed for 12-Week

Banking giants and New York Fed start 12-week digital dollar pilot

Jed McCaleb can be reached at [email protected].

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