The Central Bank of Brazil will launch a credit-focused pilot phase for its CBDC.

Gate News bot message, the Central Bank of Brazil has announced a new short-term direction for its current Central Bank Digital Money (CBDC) pilot project drex. The Central Bank’s Executive Secretary Rogerio Antonio Lucca emphasized that the third phase of the project and the next phase will focus on tokenization and developing systems that support credit functions.

Lucca stated: “Customers must have usability and a sense of security to ensure that the national financial system can develop services and address issues such as high debt caused by poor credit quality.” One of the executive’s ideas is to design a platform that allows customers to clearly communicate their assets to banks and other financial institutions, thereby promoting financial inclusion and addressing the issue of poor credit availability.

Source: Bitcoin.com