Category: CBDC News

CBDC News is the category where you can discover the most interesting news about CBDC. A central bank digital currency, or CBDC, is an electronic counterpart of a nation’s legal tender issued by that nation’s central bank. 2020 saw a substantial increase in interest in CBDCs as various nations expressed interest in developing their own versions of the asset class. Some nations advanced toward their own national digital currency more quickly than others. For instance, China pushed swiftly toward the possibility of its own CBDC, known as the digital yuan. 2020 saw the debut of the first CBDC from The Bahamas on the central bank digital currency market. The nation’s CBDC, often known as the Sand Dollar, is a regional national digital currency with the same value as the Bahamian dollar. CBDCs are distinct from stablecoins created exclusively for the crypto sector. Although stablecoins themselves are not recognized as regional official currencies and are frequently managed by businesses, they try to mirror the value of underlying assets like the U.S. dollar.

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