News
The bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government.
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CBDC News
A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020, with numerous countries expressing interest in their own versions of the asset type. Some countries pushed faster than others toward their own native digital currency. China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan.
The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC. Called the Sand Dollar, the country’s CBDC is a national digital currency for the region, holding the same value as the Bahamian dollar. CBDCs differ from crypto-native stablecoins put out by crypto industry entities. Such stablecoins aim to track the value of underlying assets, such as the U.S. dollar, although the stablecoins themselves are not official regional currencies and are often overseen by companies.
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Uzbekistan will reportedly roll out stablecoins as an official payment method from Jan. 1, 2026, under a new regulatory sandbox that also enables tokenized securities trading.
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The South African Reserve Bank found no short-term need for a retail CBDC, saying wholesale or cross-border uses should be explored instead.
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The Bank for International Settlements is advancing major digital currency pilots, testing cross-border CBDCs, tokenized deposits and real-time payment rails.
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India’s government is considering adopting a stablecoin regulatory framework while the Reserve Bank of India urges a "cautious" approach.
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The United Arab Emirates' central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes.
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Italian banks have endorsed the ECB’s digital euro project but called for implementation costs to be spread out over several years.
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Dollar-backed stablecoins reinforce U.S. currency dominance while democratizing finance in developing nations, countering China's debt-trap diplomacy.
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Banco Inter and Chainlink test cross-border trade finance using Brazil’s Drex and Hong Kong’s Ensemble networks in landmark blockchain pilot.
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The comments from European Central Bank head Christine Lagarde drew overwhelming backlash from the crypto community and political influencers.
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BNM’s tokenization roadmap aims to focus on real-world use cases such as SME supply chain financing, Shariah-compliant Islamic products, green finance and 24/7 cross-border payments.
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Bank Indonesia will issue tokenized government bond–backed digital securities built on its digital rupiah CBDC, calling it the nation’s “stablecoin version.”
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Nigeria, the Bahamas and Jamaica are only three jurisdictions that have launched CBDCs, according to the American think tank, the Atlantic Council.
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A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao.
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Jeremy Kranz, founder of Sentinel Global, a venture capital firm, said investors should be "discerning" and read the fine print on any stablecoin.
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