CBDC stands for Central Bank Digital Currency. It is a digital form of currency that is issued and backed by a central bank, such as the Federal Reserve in the United States or the European Central Bank in the European Union. CBDCs are similar to traditional fiat currencies, but they are entirely digital and can be used for transactions online or through mobile devices. The concept of CBDCs has gained attention in recent years, as countries explore the potential benefits and risks of implemen...
