Updated: June 19, 2023, 12:05 PM IST
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CBDC is the digital form of fiat currency of the country… MoreCbdc is a digital form of fiat currency of a country that is issued by its Central Bank. It can be a new currency, or it can replace existing money in the system. CBDCs can be used for peer-to-peer payments or transactions between consumers and merchants. It could also enable transactions between commercial banks and clearing houses (wholesale CBDCs) in the wholesale interbank market, potentially settling domestic or cross-border interbank payments.