CBDC Tracker

Central Bank Digital Currency progress across sovereigns. CBDC adoption is the public-rail counterpart to the stablecoin shadow-dollar expansion tracked on the Money pillar — sovereigns rebuilding their payments architecture for the digital age, often outside the dollar/euro/yen tri-pole. Read this against the Money pillar percentile to see the public-vs-shadow split. Updated .

Status distribution

jurisdictions tracked. have launched a retail CBDC; are in active pilot; in development; in research stage. The post-2022 acceleration is concentrated in Pilot and Development tiers.

Live & active programs

The launched retail CBDCs are pioneers; the larger story is the pilot programs, which include China (e-CNY), Brazil (DREX), Euro Area (digital euro), Australia (eAUD), and the entire ECCU bloc.

Launched ()

Pilot ()

Development ()

Cross-border projects

active cross-border CBDC collaboration projects. These are the institutional rails being built for sovereign-to-sovereign settlement that doesn't route through SWIFT — the Bank for International Settlements Innovation Hub leads several. Watch this list grow as the multi-polar shift accelerates.

Methodology

Source:

The Money pillar tracks the shadow dollar (stablecoin private rails); this page tracks the public sovereign rails (CBDC). Together they show the full digital-money rebuild: where it's happening privately (USDT on Tron, USDC on Ethereum), where it's happening publicly (e-CNY, DREX, Sand Dollar), and where the public-private bridge is being built (Project Polaris, mBridge, etc.).