As digitalisation continues to reshape financial systems, two competing approaches to digital money have emerged: stablecoins and central bank digital currencies (CBDCs).

Stablecoins, issued by private entities, aim to combine the efficiency of digital payments with the stability of traditional assets. Their rise, however, raises questions of oversight and monetary policy.

CBDCs, developed and issued by central banks, seek to modernise the traditional monetary systems while maintaining public trust and monetary sovereignty. Yet, their implementation faces significant design, policy, and privacy challenges.

This lecture examines the evolving landscape of digital currencies, the motivations behind these two models, and their implications for the future of money and monetary governance.

Date: Thursday, 27 November 2025; 6 p.m.
Venue: Schenkenstraße 8–10, 3rd floor, 1010 Vienna, Lecture Hall “Römisch Recht”
Format: In person

Participation is free of charge. Students are welcome!