The rise of cryptocurrencies has prompted society and governments to rethink how money works.
Central Bank Digital Currencies (CBDCs) and stablecoins are emerging as powerful new tools in the digital payment landscape. While still in their early stages, these technologies promise faster transactions, greater financial inclusion, and cross-border efficiency, but they also pose critical regulatory and policy challenges.
From the Bahamas’ Sand Dollar to MakerDAO’s DAI, global players are experimenting with different models. While the FSB, ECB, and IMF explore frameworks and implications, regulation is still developing.
Dive into the new explainer by Yaya Jata Fanusie and Melina A. Ramírez for:
- Key differences between CBDCs and stablecoins
- Global milestones and leading players
- Benefits, risks, and the regulatory outlook