# CBDC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CBDC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

EU council endorses offline and online versions of digital euro

The Council of the European Union has endorsed the European Central Bank’s design for a digital euro, supporting the simultaneous launch of both online and offline versions. A key feature is the offline digital euro, which aims to function like cash by allowing device-to-device transactions without internet connection and preventing user activity tracking. However, the system faces security challenges, such as vulnerability to relay attacks exploiting near-field communication (NFC). The European Data Protection Board has expressed concerns, noting that physical proximity—a core feature of cash—is difficult to enforce digitally. Both versions would store private keys in certified devices like smartphones or cards. ECB President Christine Lagarde emphasized that final approval depends on EU lawmakers.

cointelegraph12/22 22:50

EU council endorses offline and online versions of digital euro

cointelegraph12/22 22:50

How US banks are quietly preparing for an onchain future

US banks are methodically preparing for an onchain future by focusing on tokenizing traditional financial products like deposits, funds, and custody services, rather than speculative crypto assets. Key initiatives include JPMorgan’s JPM Coin and Citi’s Token Services for institutional payments, as well as experiments with tokenized money market funds and real-world assets. These efforts are largely occurring in wholesale payments and settlement, with strong regulatory oversight. Major banks are also building compliant custody solutions for digital assets. Regulators are permitting these activities within tightly supervised frameworks, emphasizing risk management and operational resilience. This incremental shift is reshaping financial infrastructure with embedded automation, real-time settlement, and reduced counterparty risk.

cointelegraph12/22 17:25

How US banks are quietly preparing for an onchain future

cointelegraph12/22 17:25

ECB eyes onchain settlements next year as lawmakers weigh digital euro privacy

The European Central Bank (ECB) plans to enable blockchain-based settlement in central bank money by next year and is preparing to issue a digital euro, though its privacy features depend on approval from EU lawmakers. ECB executive Piero Cipollone stated that the digital euro would support both online and offline transactions, enhancing resilience and privacy. The offline version would allow device-to-device payments without third-party validation, similar to cash. The ECB aims to address fragmented retail payments and slow cross-border transactions with the digital euro, while also mitigating risks from stablecoins. However, the EU's recent push for increased surveillance and data retention contrasts with the ECB's privacy-focused design. Legislative approval is expected by 2026, with initial transactions possible in 2027 and full issuance by 2029.

cointelegraph12/19 16:23

ECB eyes onchain settlements next year as lawmakers weigh digital euro privacy

cointelegraph12/19 16:23

What Malaysia’s royal stablecoin reveals about Asia’s shift to tokenized money

Malaysia's RMJDT is a ringgit-pegged stablecoin issued by Bullish Aim, a company linked to Johor's Crown Prince, on the Zetrix blockchain. Designed for payments and cross-border trade, it is backed by ringgit cash and government bonds, with a conservative reserve model. A separate treasury funded with Zetrix tokens aims to ensure network stability. This initiative reflects Asia's broader shift toward regulated tokenized money, where stablecoins are increasingly subject to licensing, reserve rules, and redemption requirements. It also highlights the growing need for onchain settlement in local currencies to support the expansion of tokenized assets, as seen in regional efforts like Singapore's Project Guardian. Regulatory frameworks in Hong Kong, Singapore, and Japan emphasize supervised issuance, aligning with Malaysia's phased approach to financial tokenization.

cointelegraph12/19 13:15

What Malaysia’s royal stablecoin reveals about Asia’s shift to tokenized money

cointelegraph12/19 13:15

RWA Weekly: Coinbase Announces Launch of Prediction Markets and Tokenized Stocks; Stablecoin U Goes Live on BNB Chain and Ethereum

RWA Weekly Roundup: Coinbase Launches Prediction Markets and Tokenized Stocks; Stablecoin $U Debuts on BNB Chain and Ethereum The on-chain RWA market cap rose slightly to $18.9 billion, while stablecoin market capitalization exceeded $300 billion, though transaction activity declined, indicating a "stagnant liquidity" phase. Regulatory developments accelerated globally, with China promoting the digital yuan, and the U.S., Canada, and Hong Kong advancing stablecoin and asset tokenization frameworks. Traditional financial institutions expanded their involvement: JPMorgan launched a tokenized money market fund on Ethereum and integrated JPM Coin with Base, while Visa and Mastercard extended stablecoin payment services. DTCC partnered with Canton Network for U.S. Treasury tokenization. Coinbase introduced prediction markets and tokenized stocks, PayPal launched a PYUSD savings vault, and SoFi issued its own stablecoin, SoFiUSD. Emerging markets like Brazil and Pakistan also explored sovereign asset tokenization. Stablecoin $U went live on BNB Chain and Ethereum, integrating with DeFi protocols like PancakeSwap and ListaDAO. Despite growth, JPMorgan analysts caution that stablecoin market size may not reach $1 trillion by 2028, projecting a more moderate expansion to $500-600 billion. The sector continues to evolve, driven by regulatory clarity and institutional adoption, embedding RWA deeper into global payment and asset management systems.

marsbit12/19 13:06

RWA Weekly: Coinbase Announces Launch of Prediction Markets and Tokenized Stocks; Stablecoin U Goes Live on BNB Chain and Ethereum

marsbit12/19 13:06

Central Banks and Bitcoin: Inside the Czech National Bank's Groundbreaking Custody Experiment

The Czech National Bank (CNB) has launched a pilot project to test the direct custody of Bitcoin, marking a significant shift from the typical skepticism of central banks toward cryptocurrency. The initiative involves a $1 million operational sandbox that includes Bitcoin, a dollar stablecoin, and tokenized bank deposits. According to Trezor analyst Lucien, the project is not about immediate adoption into national reserves but about building internal capabilities in areas like key management, compliance, accounting, and on-chain auditing. Lucien highlights Bitcoin’s role as a bearer asset—similar to gold—but with operational advantages such as greater transparency, faster settlement, and lower custody costs. He also emphasizes the unique position of the Czech Republic, which already has a mature Bitcoin ecosystem, including widespread public adoption, favorable tax policies, and a history of Bitcoin innovation. The project reflects a pragmatic, learning-by-doing approach to regulation and central banking, contrasting with the theoretical debates common in other jurisdictions. While the pilot remains small-scale, it represents a strategic move to explore Bitcoin’s potential as a non-sovereign reserve asset that offers diversification without counterparty risk. The experiment may serve as a model for other central banks considering similar steps in an evolving global monetary landscape.

marsbit12/19 07:48

Central Banks and Bitcoin: Inside the Czech National Bank's Groundbreaking Custody Experiment

marsbit12/19 07:48

Tokenization arrives onchain for institutions — AMA recap with Redbelly Network

Sponsored content: During a Cointelegraph AMA, Redbelly Network and AMAL Trustees discussed how tokenization and deterministic finality can modernize institutional asset workflows, moving beyond manual processes like spreadsheets and delayed reconciliations. The conversation highlighted the shift from experimental pilots to production-grade tokenization infrastructure, particularly in regulated markets and private credit. A key focus was Project Acacia, a Reserve Bank of Australia CBDC pilot, where a smart asset-backed security demonstrated streamlined issuance, servicing, and secondary trading on a single source of truth. Redbelly's deterministic consensus ensures irreversible settlement and high throughput, while its zkIdentity system enables compliance checks without exposing private data. The partnership aims to upgrade asset lifecycle management by combining Redbelly's technical infrastructure with AMAL's fiduciary expertise.

cointelegraph12/18 16:23

Tokenization arrives onchain for institutions — AMA recap with Redbelly Network

cointelegraph12/18 16:23

Restructuring Consensus in the Crypto Market

In 2025, the cryptocurrency market is experiencing a structural transformation across three key dimensions: the form, meaning, and use of money. First, the form of money is diversifying. Stablecoins, tokenized bank deposits, and CBDCs are coexisting with distinct roles. Payment infrastructure and IT platforms are rapidly adopting stablecoins to expand their ecosystems. Second, the concept of money is broadening. Tokenization is converting both tangible assets (like bonds and real estate) and intangible elements (like attention and predictions) into liquid, programmable assets. This blurs the line between money and assets, redefining value representation. Third, the use of money is expanding. Centralized exchanges (CEXs) like Binance, Bybit, and Coinbase are evolving into full-stack financial ecosystems. They now offer derivatives, tokenized stocks, RWAs, on-chain debit/credit cards, and integrated DeFi services. These platforms are building their own blockchains (e.g., BNB Chain, Base) to create vertically integrated environments. Overall, the shift from speculative concepts to practical reality is accelerating. Regulatory clarity, institutional adoption, and technological integration are driving this change, positioning blockchain as the future core of global finance.

深潮12/16 14:33

Restructuring Consensus in the Crypto Market

深潮12/16 14:33

A7A5 Outlines Conditions for Development of Non-Dollar Stablecoin Market

A7A5, the issuer of the largest ruble-backed stablecoin by market capitalization (over $524 million), has outlined the necessary conditions for the development of the non-dollar stablecoin market. According to Oleg Ogienko, Director of International and Regulatory Affairs, expanding this ecosystem requires connecting different legal regimes to enable businesses to operate "without friction." He made these remarks at the Global Blockchain Show in Abu Dhabi, noting a growing interest from Middle Eastern countries in collaborating with Russia and the CIS, where demand for non-dollar payment corridors is increasing. The company is focusing on global expansion, recently participating in key industry events in India and the UAE. A7A5 sees India as a crucial hub for international payments and Web3 ecosystems, and the Middle East as a dynamic center for digital finance innovation connecting Asia, CIS, Africa, and Europe. Ogienko emphasized that true innovation is only possible through partnership with regulators, not opposition. Transparency, auditability, and clear rules are key to building trust. He stated that ecosystems like A7A5 are becoming primary tools for regional economic integration. To improve the accessibility of its ruble stablecoin for users and businesses in Asia, Africa, and South America, the company plans integrations with international platforms and wallets that support stablecoins. In a significant regulatory development, the A7A5 stablecoin was the first in Russia to be recognized by the CFA at the end of September, granting Russian importers and exporters the legal ability to use the tokens for cross-border settlements.

RBK-crypto12/15 12:30

A7A5 Outlines Conditions for Development of Non-Dollar Stablecoin Market

RBK-crypto12/15 12:30

The Evolution of Latin America's Stablecoin Market: From Survival to Growth

Latin America's stablecoin market is evolving from a survival tool into a growth engine, driven by hyperinflation, financial exclusion, and inefficient remittances. With Argentina's 178% inflation and Brazil's $300B crypto trading volume, stablecoins like USDT and USDC are becoming essential for value storage and daily transactions. The region is witnessing the rise of Crypto Neobanks, which leverage zero-fee networks (e.g., Tether’s Plasma) and DeFi yields to offer dollar-based accounts with higher returns, challenging traditional fintech giants like Nubank. Brazil leads in institutional adoption, with 90% of crypto flows in stablecoins, while Argentina shows retail-driven growth. Key trends include the emergence of local currency-pegged stablecoins, integration of yield-bearing assets, and regulatory divergence across countries. The market, valued at $1.5T in trading volume, presents a significant alpha opportunity, with Crypto Neobanks poised to capture market share by offering faster settlements, dollar-denominated accounts, and superior yields. The window for investment and innovation is narrow, with the next 12-18 months critical for dominance.

marsbit12/11 22:40

The Evolution of Latin America's Stablecoin Market: From Survival to Growth