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Fed policy tightening will keep clamps on US banks’ credit; change may be afoot in global payments

Moody's Talks - Focus on Finance

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CBDCs and Cross-Border Payments

Central banks may also launch CBDCs to make sure their currencies remain widely used and relevant. Central banks are concerned about the risk of other forms of private money like cryptocurrencies or stablecoins becoming so popular that there are real competition for sovereign currency. The last is primarily a driver for emerging markets.

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