If I read it correctly, this is related to bond issuance and management using a blockchain platform, not necessarily testing the likes of launching USDC for their purpose. Another test related to that seems to be ongoing already, although I'm not sure how exactly they will test it. I guess the average joe can only glimpse the process from a newspaper, without any method of verification at all. Then again, most crypto enthusiasts are probably not that enthusiastic about CBDC. Not really sure how to feel about it, other than the fact that it probably won't affect Bitcoin and other cryptos in general. I'd be surprised if they even touch their blockchain at all, considering most of them will launch their private network for this.