Morgan Stanley's latest research note, led by digital asset expert Andrew Peel, points to a major shift in global finance driven by Central Bank Digital Currencies (CBDCs). Peel emphasizes CBDCs' role in creating a new standard for cross-border payments, potentially diminishing the US dollar's dominance. Alongside, the rise of US-dollar-pegged stablecoins could paradoxically reinforce the dollar's supremacy. This blend of technology and finance is setting the stage for a transformed financial landscape, where smart contracts and programmable money play pivotal roles. As CBDCs and stablecoins gain momentum, they challenge established monetary systems, signaling a fundamental change in global finance.
