Central banks should collaborate on multicurrency CBDC – research

A coordinated approach from central banks is needed to understand the potential of a multicurrency central bank digital currency (CBDC), research from the Central Bank of Lithuania claims.

In an extensive report detailing the progress of CBDC development around the world, the Baltic central bank says the “little researched idea” of a multi-currency CBDC “deserves more consideration”.

“Multi-currency CBDC would help to avoid the danger of ‘digital dollarisation’ and a race among central banks,”