UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

[newshunter]

UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.

Source: UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

Would appreciate your opinion about this

[Alcor]

Blockchain and cryptocurrency have opened up a wide opportunity for improving the current non-cash currency of states. Therefore, various experiments will be carried out and some of them will certainly be successful. This will also have a positive impact on the cryptocurrency market, because people's confidence in them will increase due to the loyal attitude of states towards it.
I am sure that similar studies are or will be conducted in many other states.