Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.

The Eurozone of the South: A Regional Currency to Strengthen Trade and Reduce Dependence on the US Dollar

The National Australia Bank (not to be confused with the Reserve Bank of Australia) plans to launch its own AUDN stablecoin pegged to the Australian dollar by mid-2023.

A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed.

A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies.

The Universal Digital Payments Network (UDPN) was launched today at the World Economic Forum to provide interoperability between regulated stablecoins and central bank digital currencies (CBDCs).

The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.”

Despite global financial instability, central bank digital currencies (CBDC) are emerging as high priorities for central banks.

Renowned American trend forecaster, Gerald Celente has extended his long-term projection of a global economic collapse, a factor that he predicts will accelerate the shift toward central bank digital currencies (CBDC). 

The Bank of Spain has given the green light for a pilot run of a euro-backed stablecoin by payments fintech Monei.