"Rapid Rise: 24 Retail CBDCs Expected to Transform Financial Landscape by 2030, Warns BIS Study"

A survey conducted by the Bank for International Settlements (BIS) suggests that around 15 retail central bank digital currencies (CBDCs) could be in circulation globally by 2030. The study found that 93% of the 86 central banks surveyed are currently working on CBDC projects, with nine central banks indicating they are "very likely" to issue a wholesale CBDC for financial markets within the next six years. Major jurisdictions such as India, the U.K., and the European Union are seriously exploring the issuance of digital versions of their fiat currencies. The report also noted that stablecoins and other crypto assets are rarely used for payments outside the crypto ecosystem, with cross-border remittances and consumer purchases being the most popular use cases.