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 Banco do Nordeste (BNB) announced that it has joined the project to develop Brazil's digital currency, Drex. The institution became part of one of the consortia created by the Central Bank (BC) to carry out tests using financial system tools with the aim of evaluating the security of operations.
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 The introduction of Drex marks a pivotal milestone in Brazil's digital finance revolution, with the Central Bank of Brazil spearheading efforts to enhance access to financial services in the country. The digital currency, designed to be a digital representation of Brazil's official currency, is poised to leverage the country's monetary policy as the foundation for maintaining its value.