BIS Chief Agustín Carstens Emphasizes CBDCs, Circle Upgrades USDC and EURC Stablecoins

The Bank for International Settlements (BIS) and various companies, including Circle, are making significant strides in the development and improvement of stablecoins and central bank digital currencies (CBDCs). Agustín Carstens of BIS emphasizes the importance of CBDCs for securing the future monetary system. Circle has released version 2.2 upgrades for its stablecoins, USDC and EURC, focusing on reducing gas costs and enhancing security. The data collected through CBDCs has the potential to be used for inflation control and to enhance payment system convenience and financial inclusion, particularly in Latin America and the Caribbean.