We are pleased to announce the latest post on the SUARA SEACEN Blog by Vacharakoon Jivakanont, Senior Financial Sector Specialist in the Financial Stability, Supervision, and Payments pillar at the Centre and Nathan Crespy, from Banque de France.
CBDCs vs Stablecoins: Competing or Complementary Roles?
This article analyzes how Central Bank Digital Currencies (CBDCs) and stablecoins may act as both complements and competitors across wholesale and retail payment systems. It highlights the growing importance of these digital instruments as the financial sector undergoes rapid transformation driven by technology, tokenization and changing user demands. While CBDCs provide a risk-free public anchor that supports trust and monetary stability, stablecoins offer private-sector innovation, agility, and programmability. By assessing the areas where they overlap, diverge or reinforce one another, the article outlines how a well-designed policy and regulatory framework can enable both forms of digital money to coexist, enhancing efficiency, inclusion and resilience in the evolving digital monetary ecosystem.
Click here to read.
