The Bank for International Settlements (BIS) conducted a study that found that 90% of the world’s central banks are exploring the introduction of a central bank digital currency (CBDC).
The BIS Monetary and Economic Department reported that 90% of the 81 central banks surveyed between October and December 2021 “have participated in some form of CBDC work,” with 26% launching CBDC pilots and more than 60% performing digital currency-related experiments.
The report also notes that 70% of central bankers are exploring the potential impact of Stablecoins on monetary stability, and another 40% of respondents are considering the use of cryptocurrencies for cross-border payments.