As many will know, the Stablecoins have played a key role in the adoption of cryptomonies in 2020. Especially considering that they have been the entry mechanism to the crypto market for many. In fact, the world's central banks have focused their attention on them and have been inspired to develop Central Bank digital currencies (CBDC). Therefore, the increase in projects from countries developing their own CBDC is practically assured in 2021. So much so that the crypto market is no longer wondering if it will happen, but when it will.
According to a survey published by the Bank for International Settlements in early 2019, 70% of the banks surveyed were already studying the potential of issuing a CBDC. But, as many of us know, the COVID-19 pandemic had a major impact on the world economy and therefore increased the attention of Central Banks to CBDCs. In addition, China's progress in its pilot tests has generated FOMO among the world's central banks and, as it progresses, is likely to generate more pressure.
So in 2021 we expect an increase in CBDC projects around the world with progress from the China project.
