Bitcoin
$40,998.96-3.61%
Ethereum
$2,795.77-4.58%
XRP
$0.885935-2.77%
Cardano
$2.01-1.42%
Polkadot
$26.97-3.85%
Stellar
$0.266110-4.39%
Dogecoin
$0.203248-1.46%
Chainlink
$21.62-6.55%
Uniswap
$19.45-6.19%
Polygon
$1.07-5.51%
Litecoin
$148.57-4.40%
Bitcoin Cash
$507.87-5.55%
Wrapped Bitcoin
$41,203.13-4.04%
Cosmos
$31.37-5.73%
Algorand
$1.59-3.18%
Filecoin
$70.53-3.73%
The Graph
$0.672813-3.04%
Tron
$0.089027-1.95%
Ethereum Classic
$45.87-5.03%
Aave
$275.19-5.12%
Tezos
$4.73-7.48%
Monero
$219.67-4.82%
NEO
$37.98-7.80%
EOS
$3.92-5.07%
IOTA
$1.24-3.68%
BitTorrent
$0.003176-4.30%
Bitcoin SV
$139.22+4.07%
Maker
$2,329.53-3.76%
Waves
$22.74-0.58%
Dash
$159.30-5.69%
Decred
$107.74-12.67%
Decentraland
$0.625074-7.17%
ICON
$1.48-8.66%
Zcash
$112.03-4.70%
NEM
$0.143742-5.77%
OmiseGO
$8.80-12.17%
Paxos Standard
$1.01+0.67%
Yearn Finance
$27,733.95-5.77%
NuCypher
$0.260249-5.25%
Qtum
$9.42-8.20%
Bitcoin Gold
$51.10-6.83%
Basic Attention Token
$0.607831-5.50%
0x
$0.854332-5.76%
Bancor
$3.33-5.47%
Ren
$0.727965-2.25%
Band Protocol
$7.09-6.01%
Siacoin
$0.014492-4.74%
Fetch.ai
$0.611627-10.58%
Kava.io
$4.73-6.48%
Nano
$4.42-6.90%
Loopring
$0.380403-4.72%
Storj
$1.05-7.63%
Numeraire
$38.20-2.14%
Lisk
$2.79-5.45%
Civic
$0.388326-6.86%
Orchid
$0.322035-3.71%
PAX Gold
$1,782.85+0.36%
Enzyme
$163.54+60.50%
Augur
$20.01-7.39%
Aragon
$4.57-6.89%
district0x
$0.143039-6.76%
Kyber Network
$1.40-5.58%
SingularDTV
$0.001343-3.40%
Tether
$1.00+0.02%
USD Coin
$1.00+0.00%
Dai
$1.00-0.00%

Central Bank Digital Currencies Not a 'Fad,' MetLife Investment Says

The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon."

Jan 16, 2021 at 8:59 p.m. UTC
Updated Sep 14, 2021 at 10:57 a.m. UTC

Institutional investor MetLife Investment Management (MIM) has released a new macro strategy primer outlining the forthcoming role of blockchain-based assets, particularly central bank digital currencies (CBDCs).

  • MIM, founded in 1868, states that CBDCs are a logical progression of money and technology that are "unlikely [to] be a passing fad," according to the primer released Jan. 8.
  • The investments giant also notes that a "true CBDC launch among Western countries seems unlikely to occur anytime soon" as key technical questions have yet to be addressed.
  • "However, just as the dreams of cryptocurrency developers tend to be rather lofty, so are those of various CBDC initiatives," the document states.
  • MIM had some $651 billion in assets under management (AUM), as of September 2020.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...