Ripple expects major economies to have $5 trillion worth of CBDC by 2030

Ripple recently released a white paper clarifying central bank digital currencies (CBDCs). The document analyzes the potential benefits, related risks, and adoption barriers of CBDCs. According to Ripple's white paper, CBDC projects are flourishing globally. Currently, 130 countries, which account for 98% of global Gross Domestic Product (GDP), are actively exploring or implementing CBDC initiatives. Multiple countries/regions, including the United States, South Africa, and various EU member states, have entered the exploration phase. China has entered the pilot phase and is about to launch comprehensively in certain areas.

The white paper emphasizes that 19 of the G20 countries are in the advanced stage of the project. In addition, a recent survey by Ripple showed that 85% of global financial leaders expect their countries to launch digital currencies in the next four years. Most of the leaders surveyed in Ripple's research believe that financial inclusion is a significant advantage of CBDCs. Many also express optimism about improving national competitiveness (44%), improving payment system efficiency (43%), and broader innovation progress (42%).