diff --git a/CPP20.md b/CPP20.md
index 8e27d4e..790cf20 100644
--- a/CPP20.md
+++ b/CPP20.md
@@ -24,6 +24,7 @@ C++20 includes the following new language features:
 
 C++20 includes the following new library features:
 - [concepts library](#concepts-library)
+- [formatting library](#formatting-library)
 - [synchronized buffered outputstream](#synchronized-buffered-outputstream)
 - [std::span](#stdspan)
 - [bit operations](#bit-operations)
@@ -532,6 +533,43 @@ Concepts are also provided by the standard library for building more complicated
 
 See also: [concepts](#concepts).
 
+### Formatting library
+Combine the simplicity of `printf` with the type-safety of `iostream`. Uses braces as placeholders, and supports custom formatting similar to printf-style specifiers.
+```c++
+std::format("{1} {0}", "world", "hello"); // == "hello world"
+
+int x = 123;
+std::string str = std::format("x: {}", x); // str == "x: 123"
+
+// Format to an output iterator:
+for (auto x : {1, 2, 3}) {
+  std::format_to(std::ostream_iterator<char>{std::cout, "\n"}, "{}", x);
+}
+```
+
+To format custom types:
+```c++
+struct fraction {
+  int numerator;
+  int denominator;
+};
+
+template <>
+struct std::formatter<fraction>
+{
+    constexpr auto parse(std::format_parse_context& ctx) {
+      return ctx.begin();
+    }
+
+    auto format(const fraction& f, std::format_context& ctx) const {
+      return std::format_to(ctx.out(), "{0:d}/{1:d}", f.numerator, f.denominator);
+    }
+};
+
+fraction f{1, 2};
+std::format("{}", f); // == "1/2"
+```
+
 ### Synchronized buffered outputstream
 Buffers output operations for the wrapped output stream ensuring synchronization (i.e. no interleaving of output).
 ```c++
diff --git a/README.md b/README.md
index 1c1284b..2d8b88e 100644
--- a/README.md
+++ b/README.md
@@ -23,6 +23,7 @@ C++20 includes the following new language features:
 
 C++20 includes the following new library features:
 - [concepts library](#concepts-library)
+- [formatting library](#formatting-library)
 - [synchronized buffered outputstream](#synchronized-buffered-outputstream)
 - [std::span](#stdspan)
 - [bit operations](#bit-operations)
@@ -636,6 +637,43 @@ Concepts are also provided by the standard library for building more complicated
 
 See also: [concepts](#concepts).
 
+### Formatting library
+Combine the simplicity of `printf` with the type-safety of `iostream`. Uses braces as placeholders, and supports custom formatting similar to printf-style specifiers.
+```c++
+std::format("{1} {0}", "world", "hello"); // == "hello world"
+
+int x = 123;
+std::string str = std::format("x: {}", x); // str == "x: 123"
+
+// Format to an output iterator:
+for (auto x : {1, 2, 3}) {
+  std::format_to(std::ostream_iterator<char>{std::cout, "\n"}, "{}", x);
+}
+```
+
+To format custom types:
+```c++
+struct fraction {
+  int numerator;
+  int denominator;
+};
+
+template <>
+struct std::formatter<fraction>
+{
+    constexpr auto parse(std::format_parse_context& ctx) {
+      return ctx.begin();
+    }
+
+    auto format(const fraction& f, std::format_context& ctx) const {
+      return std::format_to(ctx.out(), "{0:d}/{1:d}", f.numerator, f.denominator);
+    }
+};
+
+fraction f{1, 2};
+std::format("{}", f); // == "1/2"
+```
+
 ### Synchronized buffered outputstream
 Buffers output operations for the wrapped output stream ensuring synchronization (i.e. no interleaving of output).
 ```c++