How CBDCs Impact an Economy

Central bank digital currencies (CBDCs) are all the rage right now. These assets have been increasing since last year, and they continue to do so. Today, estimates suggest that countries representing 90 percent of global GDP will launch CBDCs in the next decade. So, what exactly is the impact of these assets on economies? The rise of CBDCs has been inspiring for sure. China started the race, launching trials for its digital yuan in 2020. Even with the global pandemic, problems for the…