CBDC stablecoin in cross-border payments 2022-2024| ��ƽ��

Key avenues that central banks consider to have the most promise to improve cross-border payments from 2022 to 2024

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Release date

December 2024

More information

Region

Worldwide

Survey time period

2022 to 2024

Number of respondents

35 respondents

Special properties

Central banks; Three separate survey releases have been combined by ��ƽ��. See the "Details" tab for more information

Method of interview

Questionnaire

Supplementary notes

Figures missing to or exceeding 100 percentage points are likely due to rounding.

The source does not provide information regarding the type of survey conducted or the exact date when the survey was held.

This question was phrased by the source as follows: "What do you think is the most promising avenue to improve cross-border payments?" The question was the same for 2022, 2023 and 2024, although the options the respondents could choose had slightly changed.

Citation formats

Nearly ** percent of central bank respondents stated that linking real-time payment systems held the most promise to make cross-border payments more efficient. This was different from the response given the year before, when CBDC (central bank digital currencies) topped the survey results. The potential of such digital variants of existing FX, such as the U.S. dollar or the euro, was regarded higher than other trends. That said, the survey did observe several hurdles remained for CBDC, such as potential legal issues or technical implementations. It adds that "simply launching a CBDC is unlikely to solve many of the challenges that cross-border payments face." Similar concerns were raised about stablecoins regarding the regulatory environment.