According to Foresight News, the Bank of England has announced plans to conduct a series of experiments involving distributed ledger technology (DLT) and wholesale central bank digital currency (wCBDC). The initiative aims to keep pace with the evolving payment landscape and assess the opportunities and risks presented by financial technology developments. The Bank of England will collaborate with the Treasury, the Payment Systems Regulator, and the Financial Conduct Authority to ensure the uniformity of currency, even when stablecoins are involved. This means ensuring that all forms of money, including cash and bank deposits, remain interchangeable. The central bank stated that these experiments would focus on maintaining the singularity of currency between stablecoins and tokenized deposits, which are deposit claims represented on programmable platforms.