<\/p>\n
Payments giant MasterCard is forecasting that central banks will shift away from retail CBDCs (central bank digital currencies) and focus more on offering digital assets to banks and financial institutions.<\/p>\n
In a new blog post from Raj Dhamodharan, MasterCard\u2019s head of crypto and blockchain, the analyst says that he\u2019s expecting central banks will lean away from issuing consumer-based digital currencies and focus on creating digital assets for institutions.<\/p>\n
Dhamodharan notes<\/a> that part of the trend may be driven by President Trump\u2019s executive order on digital assets, which specifically instructs the federal government to prevent the creation of a CBDC.<\/p>\n \u201cJust a few years ago, many of the world\u2019s central banks were looking at the feasibility of issuing their own currencies in digital form. Today, more and more central banks have concluded that the private sector is innovating well on its own and that central bank digital currencies aimed at the general public needn\u2019t be a high priority. In fact, another element of Trump\u2019s executive order on digital assets bans the development and issuance of CBDCs, calling them a threat to the stability of the financial system.<\/em><\/p>\n In 2025, I expect that more central banks will follow this trend, moving away from consumer-focused CBDCs, known as \u2018retail\u2019 CBDCs. But they will continue to pursue digital assets aimed at the banking sector and other financial institutions, also known as \u2018wholesale\u2019 CBDCs. These CBDCs could fundamentally increase institutional settlement capabilities and enable the faster movement of capital across jurisdictions.\u201d<\/em><\/p>\n Last year, the World Economic Forum (WEF) said that 98% of central banks were planning on issuing their own CBDCs, and anticipated<\/a> that there could be 24 live CBDCs by 2030.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em> <\/p>\n  <\/p>\n <\/span><\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Payments giant MasterCard is forecasting that central banks will shift away from retail CBDCs (central bank digital currencies) and focus more on offering digital assets to banks and financial institutions. In a new blog post from Raj Dhamodharan, MasterCard\u2019s head of crypto and blockchain, the analyst says that he\u2019s expecting central banks will lean away […]<\/p>\n","protected":false},"author":2,"featured_media":369983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-369978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=369978"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369978\/revisions"}],"predecessor-version":[{"id":369985,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369978\/revisions\/369985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/369983"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=369978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=369978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=369978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/span><\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n