Future of Money

Imagine a network that combines both messaging and settlement to become a one-stop shop for international payments. It’s time for the US and its allies and partners to make that idea a reality.

The e-CNY network has expanded over the last year, and China’s goals have only become clearer. Domestically, the People’s Bank of China is still in test-and-learn mode, globally, China is more focused on setting defining international standards.

Despite only being three months into 2023, these 18 countries have made significant progress on central bank digital currencies.

The New York Federal Reserve’s latest project shows the United States making its presence felt in the digital-currency race.

What are the realistic alternatives to the dollar that US and allied policymakers should be paying attention to? And how can they respond?

China’s CBDC, the e-CNY debuted at the world stage during the Olympic Games. Here’s what we know so far.