Transaction value of CBDC worldwide in 2023, with a 2030 forecast

The value of transactions processed via central bank digital currency or CBDC is forecast to grow by 260,000 percent between 2023 and 2030. This is according to a market estimate made in early 2023, based on various conditions and sources available at that time. CBDC is a topic that has little information, as many countries by 2023 were still actively developing such digital currencies. From the 105 countries that were involved with such digital currencies, only Nigeria, the Bahamas, Jamaica and the Eastern Caribbean Currency Union (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines) had a "live" CBDC as of 2023. Often compared to cryptocurrencies or stablecoin, an important difference between crypto and CBDC is that the first is decentralized. Cryptocurrencies and stablecoins are issued by private hands or companies, sometimes as a protest against monetary authorities. CBDC, on the other hand, come from monetary authorities and are meant to be a digital variant of already existing FX.