# Stablecoins, tokenised deposits, and central bank digital currencies (CBDCs) are rapidly emerging as the next generation of digital money.

*fintech · news · 2026-05-08 · Business Today*

## Key points

- Stablecoin market cap is projected to exceed US$300 billion by April 2026, up from US$50 billion in 2021.
- The US GENIUS Act, signed in July 2025, imposes strict reserve rules on stablecoin issuers.
- Global stablecoin transaction volumes are estimated to reach US$62 trillion in 2025, but only a small share comes from real-economy payments.
- Wholesale CBDCs for institutional use are progressing faster globally than retail CBDCs for consumers.
- Tokenised deposits may allow holders to earn interest in many jurisdictions, unlike stablecoins.

**Companies:** Deutsche Bank, Swift, Partior, Project Agorá
**Countries:** United States, China, European Union, Singapore, Hong Kong, Japan

[Read the full story on Business Today](https://www.businesstoday.in/personal-finance/news/story/can-stablecoins-cbdcs-and-tokenised-deposits-create-a-new-era-of-instant-banking-530588-2026-05-08)

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