CBDC News

Stablecoins Still Have a Way to Go

Mastercard’s Chief Product Officer says stablecoins offer promising attributes like high speed and low costs but lack essential attributes like a seamless user experience and wide distribution to consumers. Stablecoin adoption faces hurdles from consumer adoption and friction in online checkout experiences.

Survey Results on CBDC Plans

G+D, in collaboration with OMFIF, has issued a report about the implementation of CBDCs into the mainstream banking ecosystem based on responses from 34 central banks worldwide and in-depth interviews ¹.

The report found that CBDCs will not replace commercial alternative payments but will provide a public alternative. 48% of the global central banks surveyed expect to issue a CBDC within the next three to five years. Challenges facing CBDC adoption include political approval, regulatory alignment, and protecting against security breaches.