The Central Bank of Brazil has selected 13 new use cases for the second phase of its Drex CBDC pilot, covering real estate tokenization, government bond liquidity pools, and automated car transactions, with participation from Mercado Bitcoin, B3, Santander, and others.

Brazil’s Drex pilot has slowed after no privacy proposal met central bank standards, prompting Microsoft and EY to reduce staffing on related solutions while officials continue reviewing the project’s next steps.

COTI co-founder Shahaf Bar-Geffen argues that CBDCs are designed to modernize payments rather than compete with Bitcoin, while stablecoins may face the greater challenge as central bank digital currencies mature.

COTI co-founder Shahaf Bar-Geffen argues that CBDCs are not built to compete with Bitcoin, but could pressure stablecoins instead. He says privacy will be essential to successful CBDC design and adoption.

CryptoComLearn outlines the major cryptocurrency trends for 2024, highlighting mainstream adoption, CBDCs, regulation, blockchain upgrades, institutional participation, DeFi growth, NFTs, and sustainability.

A look at the major cryptocurrency trends shaping 2024, including mainstream adoption, CBDCs, regulation, DeFi growth, NFTs, sustainability, and blockchain innovation.

A CryptoComLearn feature outlines the major cryptocurrency trends for 2024, highlighting mainstream adoption, CBDC development, regulation, blockchain upgrades, institutional participation, DeFi expansion, NFTs, and sustainability.

By March 2022, 87 countries/territories were considering Central Bank Digital Currencies, with 9 already launched. This article explores CBDC types, key differences from cryptocurrencies, and the trade-offs involved.