CBDCs Are Dead—for Now. What Comes Next?
- Date:June 26, 2025
- Author(s):
- Joel Hugentobler
- Report Details: 13 pages, 1 graphics
- Research Topic(s):
- Digital Assets & Crypto
- PAID CONTENT
Overview
In halting the development of a central bank digital currency, the administration of President Donald J. Trump has signaled a major shift toward private-sector innovation in digital currencies. Trump has made it clear from the campaign trail to the White House that, in his view, CBDCs represent a privacy risk for American consumers and that the way forward lies in the private sector.
Accordingly, stablecoins—digital assets pegged to a stable source of value, like the U.S. dollar—are primed for a starring role in the developing digital economy. This Javelin Strategy & Research report looks at what the administration’s stance means for banks, fintechs, and stablecoin issuers.
Key questions discussed in this report:
- What does President Donald J. Trump’s pivot on CBDC policy entail?
- What unmet needs would a realized CBDC address?
- What does banning a CBDC in the United States mean for the industry?
Companies Mentioned:
Bridge, Circle, Fiserv, Mastercard, PayPal, Ripple, Stellar, Stripe, Swift, Visa
Learn More About This Report & Javelin
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