Summary of Brazil tests DeFi elements, compatibility in Drex CBDC pilot

Summary of Brazil tests DeFi elements, compatibility in Drex CBDC pilot
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quoting nevent1q…gf37

Brazil tests DeFi elements, compatibility in Drex CBDC pilot
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/019256cc-26c6-7cb6-a020-cd76e1a08257

Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.

https://cointelegraph.com/news/brazil-decentralized-finance-digital-real-cbdc

Brazil's central bank is developing a synthetic central bank digital currency, Drex, which aims to blend decentralization, privacy, and programmability. The country is incorporating decentralized finance (DeFi) principles into its development, aiming to address the 'trilemma' of decentralization, privacy, and programmability. The CBDC will be part of an Open Finance platform, which will promote competition and bring the DeFi ecosystem into the regulatory perimeter.