The Monetary Authority of Singapore (MAS) will launch a 'live' pilot of a central bank digital currency (CBDC) for wholesale settlements in 2024. This move is part of the Orchid Blueprint, which aims to revolutionize the financial industry through digital currencies. The pilot will showcase the use of CBDCs in real-world banking operations and include advanced features such as tokenization and programmable money. MAS is committed to embracing and regulating stablecoin technology, positioning Singapore as a leader in the digital currency space. The pilot is a major milestone in MAS's digital money journey that began in 2016 and has potential to transform the banking industry.