Central Bank Digital Currencies (CBDCs) Explained: Monetary Policy Design, Payment System Integration, and Long-Term Geopolitical Impact for Investors
Introduction: Why CBDCs Matter Now
Central Bank Digital Currencies (CBDCs) have leapt from academic whitepapers to front-page headlines as more than 100 jurisdictions explore or pilot them. A CBDC is a digital form of sovereign money issued by a nation’s central bank, designed to circulate alongside—or potentially replace—