Three to five nations worldwide will entirely replace their fiat currency with a central bank digital currency, or CBDC, by 2030, a European think tank predicts.
Dutch fintech-focused non-profit think tank dGen released a report devoted to geopolitical trends of CBDCs on Sept. 9.
Titled “Report on Geopolitical Ramifications of CBDCs,” the 30-page report takes a deep dive on the status of major global fiat currencies like the United States dollar, the euro, and China’s yuan. Compiled with support from institutions like the European Central Bank (ECB), Standard Chartered Bank, and the Frankfurt School, the report makes some big predictions on the impact of CBDCs on the global financial system.
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