SDF COO Jason Chilpala moderates a panel discussion with IMF senior financial expert John Kiff and EmTech CEO Carmel Kadett on how central bank digital currencies and stablecoins can coexist, exploring CBDC design, programmable money use cases, and financial inclusion opportunities.
Jason Chilpala from the Stellar Development Foundation leads a panel discussion examining CBDCs and stablecoins as complementary technologies. John Kiff from the IMF provides an overview of CBDC landscape, distinguishing between retail CBDCs, synthetic CBDCs, and the two-tier distribution model where central banks issue currency while commercial banks handle distribution. Carmel Kadett from EmTech discusses how blockchain technology enables programmable money for use cases like stimulus payments, trade finance, and peer-to-peer lending. The panelists explore how CBDCs and stablecoins can advance financial inclusion, citing the Bahamas Sand Dollar project as a successful example. They address questions about currency consolidation, the role of private sector collaboration, and how programmable money can improve monetary policy effectiveness and cross-border payments.