The World Economic Forum’s Digital Currency Governance Consortium white paper explores how central bank digital currencies (CBDCs) and stablecoins could transform global finance. It highlights opportunities such as faster cross-border payments, greater financial inclusion, and improved transparency, but also underscores risks around privacy, cybersecurity, and monetary stability. The report stresses the need for international coordination on standards, interoperability, and regulation to avoid fragmentation. By aligning innovation with robust governance and public trust, digital currencies can strengthen financial resilience, expand access, and enable a more inclusive and efficient global monetary system.

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