Shaping CBDCs & Stablecoins for Consumers and Businesses

Wed, Oct 2, 2024, 12:00 AM

The panelists in the discussion highlighted several key points regarding the coexistence of stablecoins and central bank digital currencies (CBDCs) in the future financial landscape. They emphasized the critical need for interoperability, stressing that these digital currencies may serve different use cases and cater to various interests. While acknowledging CBDCs as a significant development, the panelists also recognized the versatility of stablecoins, particularly in day-to-day programmable on-chain payments. They pointed out that stablecoins, issued by private entities, could play a crucial role in certain niche applications that CBDCs might not cover. The speakers underscored the importance of building platforms to ensure smooth interoperability across different digital currencies. This interoperability, they argued, is vital for creating a well-functioning and efficient ecosystem where various forms of digital currencies can seamlessly interact. In envisioning the future, the panelists described a scenario where users engage effortlessly with digital currencies through multi-wallet systems. They emphasized a practical approach, where the distinction between CBDCs and stablecoins becomes less relevant, focusing instead on the overall utility and convenience for users. Overall, the consensus among the speakers was that both CBDCs and stablecoins will continue to evolve, coexisting and complementing each other in the financial landscape over the next five to ten years. The dynamic nature of these digital currencies and their potential to address diverse needs were key themes in the discussion. --------- Speakers: Jörn-Jakob Röber | Digital Currencies Governance Group (moderator) José Luis Lorente | Bird & Bird Cristian Cengher | Erste Group Bank Sören Hettler | DZ Bank Dr. Shamshudeen Mohd Yunus | Tijarah Holding David Creer | GFT --------- The European Blockchain Convention is the most influential blockchain event in Europe. Follow us to find out more 👇 Linkedin: https://www.linkedin.com/company/european-blockchain-convention/ Twitter: https://twitter.com/EBlockchainCon Instagram: https://www.instagram.com/eblockchainconvention/