Financial and Monetary Systems

How are CBDCs different from cryptocurrencies and stablecoins?

Nov 9, 2023

View of Bitcoins and US dollars.

CBDCs are direct liabilities of the central bank. Image: Pexels/David McGee

Sandra Waliczek

Blockchain and Digital Assets, World Economic Forum

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Graphs illustrating the Bitcoin price per day from April 2013 to Nov 2023.

Cryptocurrency prices have a history of volatility. Image: Statista

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How is the World Economic Forum promoting the responsible use of blockchain?

Graphs illustrating the price trends of stablecoin and non-stablecoin prices.

Stablecoin is designed to be more stable by having its value tied to that of another asset. Image: US Federal Reserve/CryptoCompare

Graphic illustrating the uses of CBDCs.

There are many reasons central banks are considering issuing CBDCs. Image: European Central Bank

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Financial and Monetary Systems Banking and Capital Markets Economic Progress

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