The central bank digital currency (CBDC) and stablecoins market is projected at a CAGR of XX% from 2023 to 2031. Adoption will be driven by governments leveraging Central Bank Digital Currency (CBDC) and Stablecoins to drive financial inclusion and surge their control over how digital payments are made. CBDCs will enhance access to digital payments, predominantly in developing economies, where mobile penetration is substantially higher than banking penetration.

Central Bank Digital Currency (CBDC) and Stablecoins Market Analysis

While cross-border payments presently have slow transaction speeds and high costs, this area is not the emphasis of CBDC development. As CBDC acceptance will differ country-specific, it will be incumbent on cross-border payment networks to link schemes together, allowing the extensive payments industry to benefit from CBDCs.

Central Bank Digital Currency (CBDC) and Stablecoins Market Overview

• A central bank digital currency (CBDC) is a digital version of a country's fiat currency or central bank money. Fiat money is not tied to a physical commodity such as silver or gold. The role of a central bank is to support financial services, issue currency, and set monetary policy.

Central Bank Digital Currency (CBDC) are digital currencies issued by central banks. Their value is related to the issuing country's authorized currency.

REGIONAL FRAMEWORK

Central Bank Digital Currency (CBDC) and Stablecoins Market Report Analysis

MARKET PLAYERS

Central Bank Digital Currency (CBDC) and Stablecoins Market Driver and Opportunities

Increasing Awareness About Stablecoins to Drive the Central Bank Digital Currency (CBDC) and Stablecoins Market

• Stablecoins aim to address shortcomings of cryptocurrencies by pegging their value to a unit of the underlying asset, generally issued on faster blockchains, and backing the coins partially or wholly with state-issued tender, commodities such as precious metals, or highly liquid reserves.  With the swift increase in circulation of stablecoins over the past few years, central banks have marched up efforts to explore their stable digital currencies. This, in turn, is expected to boost the market growth during the forecast period.

Increasing Government Initiatives to Create Lucrative Market Opportunities

Numerous public statements indicate that central banks envision Central Bank Digital Currency (CBDC) as more than simply a digital-native version of traditional notes and coins. For instance, in 2024, The Bank of England and the Financial Conduct Authority are setting out proposals that will bring stablecoins — a type of digital token designed to track the price of hard currencies — into the real economy as a payment option for goods and services.

Central Bank Digital Currency (CBDC) and Stablecoins Market Report Segmentation Analysis

The key segment that contributed to the derivation of the central bank digital currency (CBDC) and stablecoins market analysis is type.

• Based on type, the market is divided into cross-border B2B transactions, cross-border consumer transactions, domestic B2B transactions, and domestic consumer transactions.
• Since Central Bank Digital Currency (CBDC) are issued by central banks, they will be closely targeted to domestic payment challenges primarily, with cross-border payments coming later as systems become well-known and links are made between CBDCs used by individual countries.

Central Bank Digital Currency (CBDC) and Stablecoins Market Share Analysis By Geography

• The scope of the central bank digital currency (CBDC) and stablecoins market is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• North America is expected to hold a significant share in the central bank digital currency (CBDC) and stablecoins market. The growth is attributed to the supportive government initiatives and the presence of key market players in the region.

Central Bank Digital Currency (CBDC) and Stablecoins Market Report Scope

Central Bank Digital Currency (CBDC) and Stablecoins Market Report Coverage & Deliverables

The Central Bank digital currency (CBDC) and stablecoins market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Central Bank Digital Currency (CBDC) and Stablecoins Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

• Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities.
• Key future trends.
• Detailed PEST & SWOT analysis
• Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
• Detailed company profiles.

Central Bank Digital Currency (CBDC) and Stablecoins Market Report Scope

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