The World Economic Forum’s Digital Currency Governance Consortium (DCGC) white paper examines how central bank digital currencies (CBDCs) and stablecoins could reshape financial systems. It stresses the need for governance frameworks that ensure security, interoperability, financial inclusion, and trust. Key priorities include safeguarding consumer rights, addressing risks of illicit finance, and ensuring macroeconomic stability. The report highlights design choices such as privacy, scalability, and cross-border functionality. It calls for collaboration between regulators, central banks, and industry to balance innovation with risk management. By adopting consistent standards, digital currencies can enhance efficiency, resilience, and global financial inclusion.

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