As commerce moves onto digital platforms and financial services modernize, the demand for digital currencies has grown dramatically. Regulated stablecoins are now in-market and experiments conducted by central banks showcase mainstream applications for Central Bank Digital Currency (CBDC).
When issued through applications built on distributed ledger technology (DLT), digital currency presents end-users, regulated financial institutions and the public sector opportunities to transform interbank settlement for payments and securities, boost liquidity for corporates and innovate with new instruments for fiscal policy and financial inclusion.
Central Bank Digital Currencies have emerged as a rapidly accelerating new type of money, with both the private and public sectors increasingly involved. R3 has been actively working with dozens of central banks, regulators, commercial banks, exchanges and more on projects seeking to increase efficiency and reduce risk in domestic and cross-border payments, promote financial stability with increased controls, and improve access to finance for underbanked populations. For ongoing research and output from our CBDC working group of over 100 central banks and leading financial institutions, visit the CBDC Research Center.
Meanwhile, stablecoins are starting to see mainstream adoption across multiple use cases. Already popular stablecoins are growing in volumes while a new breed of regulated stablecoins provide apt solutions for long-standing issues surrounding inter-company settlement and liquidity management and provide the promise to integrate into digital asset networks being built in parallel.
"Technical solution for the e-krona pilot"
“Enabling a pilot Dollar-Linked Stablecoin for Internal Settlement”
“Inthanon-LionRock: Leveraging Distributed Ledger Technology to Increase Efficiency in Cross-Border Payments”