The Digital Dollar Project is a private initiative founded in January 2020 by Accenture and former Chair of the Commodity Futures Trading Commission (CFTC) J. Christopher Giancarlo’s Digital Dollar Foundation. Last year Accenture agreed to fund five of the DDP’s CBDC pilot programs. Turning to the DTCC, its subsidiaries processed $2.4 quadrillion in securities transactions in 2021. “As a potential digital alternative to cash, a U.S. CBDC should be carefully explored in consultation with key stakeholders across the public and private sectors,” said Jennifer Peve, DTCC Managing Director, Head of Strategy and Business Development. “DTCC’s pilot with DDP assessed the use of a simulated CBDC and DLT for DvP settlement in the U.S. wholesale markets through direct engagement with market participants.” (Ledgerinsights)