CBDC stands for Central Bank Digital Currency, which is a digital form of fiat currency issued and backed by a central bank. Unlike cryptocurrencies, which are decentralized and operate on blockchain technology, CBDCs are centralized and controlled by the issuing central bank.

The primary goals of CBDCs are to provide a secure and efficient digital payment system, reduce the use of physical cash, and potentially improve financial inclusion. CBDCs can be designed to have features similar to traditional fiat currencies, such as being legal tender and maintaining a stable value. However, they can also incorporate innovative features like programmable money, which allows for the implementation of specific rules or conditions for the use of digital currency. The development of CBDCs is gaining traction globally, with many central banks exploring the potential benefits and challenges of issuing their digital currencies.

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Plena Finance, while focused on decentralized finance (DeFi) solutions rather than traditional central bank currencies, acknowledges the potential impact of CBDCs on the broader financial landscape. As CBDCs continue to evolve, Plena Finance remains committed to exploring innovative ways to integrate digital currencies into its platform, potentially expanding its offerings and supporting global financial inclusion initiatives.