CBDCs and fiat-backed stablecoins may look alike, but they differ in issuer, legal status, risk, and monetary control.

The ECB is set to roll out DLT settlement in 2026 while preparing the digital euro, with the project’s privacy features ...

Central Bank Digital Currency adoption is accelerating as 137 countries representing 98% of global GDP actively explore digital currencies. With major CBDC pilots expanding across Europe, China ...

The financial world is constantly evolving, and few developments have captured as much attention or generated as much debate as the rise of digital currencies. From the decentralized nature of ...

This paper informs the Executive Board about recent developments in central bank digital currency (CBDC), and summarizes the key messages and findings from the third wave of CBDC virtual Handbook ...

Throughout history, control over money has been one of the most powerful levers of state authority. Rulers have long understood that whoever issues and manages the currency also commands the economy ...

This paper explores how retail central bank digital currencies (CBDCs) could enhance the delivery of social safety nets (SSNs). It assesses CBDC design features and their implications for payment ...

Financial authorities in the Russian Federation are expanding the geography and participation in the pilot project for the nation’s digital ruble currency. The sovereign coin is already being ...

South Korea's central bank has halted its digital currency pilot program, signaling diminishing enthusiasm for state-led digital currencies. The decision comes as President Lee Jae Myung's drive to ...

Consider the humble bank note. Wrinkled and torn as it may be, it’s the only government-issued legal tender — the only direct obligation of a central bank — to which most people have access. It’s ...