A collection of different sources suggests that CBDC penetration in those countries that already have one available for consumer use has been low. By the end of 2022, the market share was below one percent in all of the countries that either have a CBDC in production or were very advanced in their pilot testing. That said, it is difficult to map out the exact market size of central bank digital currencies, or digital variants of FX such as the U.S. dollar or euro and which may rely on blockchain technology, throughout the world, largely as very little openly exist by 2023. 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.
Market share of central bank digital currency (CBDC) in selected countries across the world as of 2023
As of 2023, there is no centralized tracking of CBDC across countries. The numbers provided here were gathered from various domestic sources, and may therefore not necessarily be comparable to one another
Supplementary notes
The source adds that the CBDC projects mentioned here are only "retail", as each are meant for day-to-day consumer use. This is different from "wholesale" CBDC, such as Project Helvetia - where France is testing the digital euro for interbank payments to/from Switzerland and/or Singapore.
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Statista. (March 17, 2023). Market share of central bank digital currency (CBDC) in selected countries across the world as of 2023 [Graph]. In Statista. Retrieved October 16, 2024, from https://www.statista.com/statistics/1386286/cbdc-uptake-by-country/
Statista. "Market share of central bank digital currency (CBDC) in selected countries across the world as of 2023." Chart. March 17, 2023. Statista. Accessed October 16, 2024. https://www.statista.com/statistics/1386286/cbdc-uptake-by-country/
Statista. (2023). Market share of central bank digital currency (CBDC) in selected countries across the world as of 2023. Statista. Statista Inc.. Accessed: October 16, 2024. https://www.statista.com/statistics/1386286/cbdc-uptake-by-country/
Statista. "Market Share of Central Bank Digital Currency (Cbdc) in Selected Countries across The World as of 2023." Statista, Statista Inc., 17 Mar 2023, https://www.statista.com/statistics/1386286/cbdc-uptake-by-country/
Statista, Market share of central bank digital currency (CBDC) in selected countries across the world as of 2023 Statista, https://www.statista.com/statistics/1386286/cbdc-uptake-by-country/ (last visited October 16, 2024)
Market share of central bank digital currency (CBDC) in selected countries across the world as of 2023 [Graph], Statista, March 17, 2023. [Online]. Available: https://www.statista.com/statistics/1386286/cbdc-uptake-by-country/