Opinion on use cases of stablecoin and/or CBDC in payments 2022

Respondents from Asia-Pacific were more likely to identify payment use cases for either CBDC or stablecoin than their counterparts from EMEA or the Americas. This is according to survey results from a fintech event hosted during 2022, when attendees were asked on their opinion on the two types of digital currencies. Notable is that respondents from Asia-Pacific seemed more specific in what they hoped to see. Most of their answers geared towards providing a better payment experience, whereas event attendees from the Americas and EMEA were either not sure - claiming they did not see any involvement - or answered "all of the above" for the various use cases listed by the survey. CBDC became an increasingly trending topic since 2021, after cryptocurrencies and stablecoins - digital coins built on the blockchain - grabbed news headlines. An important difference between crypto and CBDC, however, is that the first is decentralized. Cryptocurrencies and stablecoins are issued by private hands or companies, sometimes as a protest against monetary authorities. CBDC, on the other hand, come from monetary authorities and are meant to be a digital variant of already existing FX.