Global CBDCs & Stablecoins Market: 2024-2031 Full Research Suite

Our CBDCs (Central Bank Digital Currency) & Stablecoin research suite provides a detailed and insightful analysis of this evolving market; enabling stakeholders such as central banks, commercial banks, stablecoin issuers and payment service providers to understand future growth, key trends and the competitive environment. This includes an analysis of possible design choices in the development of CBDCs and the current state of digital currency regulatory frameworks around the globe. The report also discusses how wholesale CBDCs can strengthen monetary sovereignty and how retail CBDCs can increase financial inclusion and facilitate participation in digital finance among unbanked populations.

The suite includes several different options that can be purchased separately, including access to data mapping the future growth of CBDC & stablecoin transactions; an insightful study uncovering the latest trends and opportunities within the financial markets. It also includes a document containing extensive analysis of the 14 market leaders in the CBDC space. The coverage can also be purchased as a Full Research Suite, containing all of these elements, at a substantial discount.

Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing stakeholders in the CBDC and stablecoins market to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and fast-growing market.

KEY FEATURES

Market Dynamics: Insights into key trends and market expansion challenges within the CBDC & stablecoin market, including drivers and barriers for CBDC and stablecoin adoption. The report addresses the challenges that the cross-border payments sector faces regarding transaction costs; how incorporating interoperability is key when building CBDCs; and the interplay between CBDCs and stablecoins in financial markets. The research also features a Country Readiness Index on the current development and segment growth of the CBDC & stablecoins market across 8 key regions, as well as providing a future outlook.

Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the CBDC & stablecoins market, accompanied by strategic recommendations for stakeholders.

Benchmark Industry Forecasts: The CBDC & stablecoins dataset includes forecasts for total value of the CBDC & stablecoin market, including the total expected savings that can be gained using these payments method, and the transaction volume of various market segments.

Juniper Research Competitor Leaderboard: Key market player capability and capacity assessment for 14 CBDC vendors, via the Juniper Research Competitor Leaderboard; featuring market size for major players in the CBDC development industry.

Please note: the online download version of this report is for a global site license.


1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Emerging Economies Will Lead Retail CBDC Issuance
1.1.2 Wholesale CBDCs and Stablecoins Use Will Revolutionise Cross-Border Payments
Figure 1.1: Total Savings from Using Stablecoins and CBDCs, Split by Segment, 2031
1.1.3 CBDCs and Stablecoins Unlock New Use Cases
1.2 Strategic Recommendations
1.2.1 B2B Payments Sector Should Brace for Innovation
1.2.2 Engage Proactively with Stablecoin Regulators
1.2.3 CBDC Vendors Should Prioritise Interoperability
2. Market Landscape
2.1 Introduction
2.2 History of CBDCs and Stablecoins
2.3 Key Trends and Drivers
2.3.1 Stablecoin Use has an Outsized Disruptive Impact on the Financial Landscape
2.3.2 The Role of Regulations in Guiding Digital Currencies
2.3.3 Emerging Nations Have the Most to Gain from Developing rCBDCs
2.3.4 Advanced Cryptographic Methods Necessary to Preserve Privacy
2.3.5 How Could Smart Contracts Transform the Economy?
i. Subscriptions
ii. Liquidity Management
iii. DvP (Delivery Versus Payment)
iv. (PVP) Payment Versus Payment
v. M2M (Machine-to-Machine) Payments
3. Segment Analysis
3.1 Retail CBDCs
Figure 3.1: The Status of Retail CBDCs Worldwide as of September 2024
3.1.1 Why Develop a Retail CBDC?
Figure 3.2: Potential Goals of Retail CBDC Development
3.1.2 Potential Goals/Motives of CBDC Development
i. Geopolitics
ii. Enhance Cross-border Payments
iii. Financial Inclusion in the Digital Economy
iv. Retaining Monetary Sovereignty
Figure 3.3: Design Principles for a Digital Pound
3.1.3 High-level Technological Analysis: Design Choices for CBDCs
3.1.4 What Are the Potential Barriers to Adoption?
Figure 3.4: CBDC Features Compared to Physical Cash
3.2 Wholesale CBDCs
Figure 3.5: Status of Wholesale CBDCs Worldwide as of September
3.2.1 The Evolution of Wholesale Payment Systems
Figure 3.6: How Wholesale Bank Payments Happen Today
i. What Are the Inefficiencies in this System?
3.2.2 How Can Wholesale CBDCs Address This?
Figure 3.7: Objectives of Wholesale CBDC Development
3.2.3 Current wCBDC Cross-border Projects
Figure 3.8: The Project Agora Platform
3.2.4 Alternatives to Wholesale CBDC Development
3.3 Stablecoins
3.3.1 Key Actors in the Stablecoin Market
i. What Are the Use Cases of Stablecoins?
Figure 3.9: Use Cases for Stablecoins
ii. What Are Future Use Cases for Stablecoins?
3.4 The Interplay Between Stablecoins and CBDCs
4. Country Readiness Index
4.1 Introduction to the Country Readiness Index
Figure 4.1: CBDC and Stablecoin Country Readiness Index Regional Definitions
Figure 4.2: Juniper Research Country Readiness Index Scoring Criteria: CBDC and Stablecoins
Figure 4.3: Juniper Research Country Readiness Index: Global CBDC and Stablecoin Market
Figure 4.4: CBDC and Stablecoin Country Readiness Index: Market Segments
4.1.1 Focus Market
i. The Strength of BRICS
Figure 4.5: Total CBDC & Stablecoin Market Value per Annum ($m), Split by Seven Key Markets, 2024-2031
ii. West Europe and the Digital Euro
iii. Japan
iv. The US
v. China
4.1.2 Growth Market
Figure 4.6: Total Value of CBDCs and Stablecoins in Growth Markets, ($m), By Country 2024-2031
i. Prioritising Wholesale over Retail CBDC Development
4.1.3 Saturated Markets
Figure 4.7: Saturated Markets’ CBDC & Stablecoin Market Value, ($m), By Country, 2024-2031
i. Heavy Restrictions on Cryptocurrency
4.1.4 Developing Markets
Figure 4.8: CBDC & Stablecoin Market Value in Six Developing Markets, ($m), By Country, 2024-2031
i. Restrictive Legislation
ii. Gaps in Technological Infrastructure
iii. Adequate Alternative Financial Systems
Table 4.9: Juniper Research’s Country Readiness Index Heatmap: North America
4.10: Juniper Research’s Country Readiness Index Heatmap: Latin America
Table 4.11: Juniper Research’s Country Readiness Index Heatmap: West Europe
Table 4.12: Juniper Research’s Country Readiness Index Heatmap: Central & East Europe
Table 4.13: Juniper Research’s Country Readiness Index Heatmap: Far East & China
Table 4.14: Juniper Research’s Country Readiness Index Heatmap: Indian Subcontinent
Table 4.15: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia Pacific
Table 4.16: : Juniper Research’s Country Readiness Index Heatmap: Africa & Middle East
1. Juniper Research Competitor Leaderboard
1.1 Why Read This Report?
Table 1.1: Juniper Research Competitor Leaderboard CBDC Vendor Product Portfolio
Figure 1.2: Juniper Research Leaderboard: CBDC Vendors
Table 1.3: Juniper Research Leaderboard: CBDC Vendor Positioning
Figure 1.4: Juniper Research Leaderboard Heatmap: CBDC Vendors
1.2 CBDC Vendor Profiles
1.2.1 Accenture
i. Corporate
ii. Geographic Spread
iii. Key Clients and Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths and Strategic Partnerships. ..
1.2.2 Bitt
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
1.2.3 Consensys
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
1.2.4 eCurrency
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 1.5: Use Cases for eCurrency DSC3
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
1.2.5 EMTECH
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 1.6: The Features and Benefits of the Beyond Cash
v. Juniper Research Key Strengths and Strategic Opportunities
1.2.6 FIS
i. Corporate
ii. Geographic Spread
iii. Key Clients and Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
1.2.7 Giesecke + Devrient
vi. Corporate
vii. Geographic Spread
viii. Key Clients & Strategic Partnerships
ix. High-level View of Offerings
x. Juniper Research’s View: Key Strengths & Strategic Opportunities
1.2.8 IDEMIA
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Recommendations
1.2.9 Mastercard
i. Corporate
Table 1.7: Mastercard Revenue ($m), 2022-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 1.8: Mastercard’s CBDC Sandbox Architecture
v. Juniper Research’s View: Key Strengths & Strategic Recommendations
1.2.10 Nahmii
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
1.2.11 R3
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths and Strategic Recommendations
1.2.12 Ripple
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development
1.2.13 Soramitsu
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Recommendations
1.2.14 Stellar
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Opportunities ..
Table 1.9: Juniper Research Competitor Leaderboard Scoring Criteria
1. Market Overview
1.1 Introduction
1.2 Methodology & Assumptions
Figure 1.1: Consumer Domestic CBDCs/Stablecoins Methodology
Figure 1.2: Consumer Cross-border CBDCs/Stablecoins Methodology
Figure 1.3: B2B Domestic CBDCs/Stablecoins Methodology
Figure 1.4: B2B Cross-border CBDCs/Stablecoins Methodology
2. Forecast Summary
2.1 Total Volume of CBDC and Stablecoin Transactions
Figure & Table 2.1: Total Number of Transactions Using Stablecoins and CBDCs (m), Split by Stablecoins and CBDCs, 2024-2031
2.2 Total Value of Stablecoin & CBDC Transactions
Figure & Table 2.2: Total Value of Stablecoin and CBDC Transactions ($bn), Split by 8 Key Regions, 2024-2031
2.3 Potential Savings from CBDC and Stablecoin Use
Figure & Table 2.3: Total Savings Achieved Using Stablecoins and CBDCs ($m), Split by 8 Key Regions, 2024-2031
3. CBDCs: Market Forecast
3.1 Total Number of CBDC Transactions
Figure & Table 3.1: Total Number of Transactions Using CBDC (m), Split by 8 Key Regions, 2024-2031
3.2 Total Number of CBDC Transactions
Figure & Table 3.2: Total Number of CBDC Transactions (m), Split by Segment, 2024-2031
3.3 Total Value of CBDC Transactions
Figure & Table 3.3: Total Value of CBDC Transactions ($bn), Split by 8 Key Regions, 2024-2031
3.4 Total Value of CBDC Transactions
Figure & Table 3.4: Total Value of CBDC Transactions, ($bn), Split by Segment, 2024-
3.5 Total Potential Savings Achieved Using CBDCs ($m)
Figure & Table 3.5: Total Savings Achieved Using CBDCs ($m), Split by 8 Key Regions, 2024-2031
3.6 Total Potential Savings Achieved Using CBDCs
Figure & Table 3.6: Total Savings Achieved Using CBDCs ($m), Split by Segment, 2024-
4. Stablecoins: Market Forecast
4.1 Total Number of Stablecoin Transactions
Figure & Table 4.1: Total Number of Transactions Using Stablecoins (m), Split by 8 Key Regions, 2024-2031
4.2 Total Number of Stablecoin Transactions
Figure & Table 4.2: Total Number of Transactions Using Stablecoins (m), Split by Segment, 2024-2031
4.3 Total Value of Stablecoin Transactions
Figure & Table 4.3: Total Value of Stablecoin Transactions ($bn), Split by 8 Key Regions, 2024-2031
4.4 Total Value of Stablecoin Transactions
Figure & Table 4.4: Total Value of Stablecoin Transactions, ($m), Split by Segment, 2024-2031
4.5 Total Potential Savings Achieved Using Stablecoins ($m)
Figure & Table 4.5: Total Savings Achieved Using Stablecoins ($m), Split by 8 Key Regions, 2024-2031
4.6 Total Potential Savings Achieved Using Stablecoins ($m)
Figure & Table 4.6: Total Savings Achieved Using Stablecoins ($m), Split by Segment, 2024-2031

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