CBDC

American

abbreviation

central bank digital currency: a digital currency that is issued, regulated, and stored directly by a central bank, such as the United States Federal Reserve, and is generally accessible to the people served by that central bank.

Usage

What's the difference between virtual currency, digital currency, and CBDCs? See digital currency ( def. ).

Etymology

Origin of CBDC

First recorded in 2015–20

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

CBDC

Among UK respondents who opposed launching a CBDC, the top reason cited by almost half was a belief that their introduction would not address a compelling need.

From Reuters ● Jul. 26, 2023

Bank deposits would continue to exist within the Brazilian CBDC, only being registered in a more modern environment, meaning that financial institutions would not lose this source of funds for credit generation.

From Reuters ● Mar. 6, 2023

"Given how so many advanced nation central banks are moving collectively, dramatically and simultaneously on CBDC, it could cause big changes in the settlement system in the future," he said.

From Reuters ● Mar. 31, 2022

A Central Bank Digital Currency, or CBDC, is a digital currency run by the central bank of a country.

From NewsForKids.net ● Mar. 14, 2022

China has made the most progress with its CBDC.

From NewsForKids.net ● Mar. 14, 2022

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023