Stablecoins vs CBDCs: What’s the Difference?

Stablecoins vs CBDCs: What's the Difference?

The digital money revolution is creating two distinct paths forward. On one side, private companies issue stablecoins backed by traditional assets. On the other hand, central banks develop their own digital currencies, known as Central Bank Digital Currencies (CBDCs), with sovereign backing. Both stablecoins and CBDCs promise faster payments, lower costs, and increased financial inclusion. […]

Ooi Sang Kuang

Chairman, Non-Executive Director

Mr. Ooi is the former Chairman of the Board of Directors of OCBC Bank, Singapore. He served as a Special Advisor in Bank Negara Malaysia and, prior to that, was the Deputy Governor and a Member of the Board of Directors.

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